Key Takeaways:Maldives is developing a $9B blockchain finance center to reduce its dependence on tourism.The project will triple GDP and generate 16,000 jobs in five years.It aims to compete with…
It is a big step for the Maldives to venture into the world of cryptocurrencies. On May 4, the Maldivian authorities entered into a $9 billion agreement with the MBS…
In brief— The initiative is being spearheaded by the family office of a Qatari royal.
— The $8.8b investment is more than the Maldives’ annual GDP of $7 billion.
— The Maldives…
Maldives Launches $9B Blockchain Project to Escape Tourism Dependency
The Maldives, an archipelagic state in South Asia, is in the process of establishing a $8.8 billion blockchain hub that could potentially help it diversify away from tourism, according to…