UAE emerges as crypto hub with new regulations: The United Arab Emirates is attracting a wave of companies deploying blockchain and crypto initiatives, thanks to its regulatory frameworks for decentralized autonomous organizations, virtual asset providers, metaverses, and other Web3-related entities. The UAE aims to become an international financial hub for digital assets, offering regulatory clarity and a clear path to compliance. In other news, Iota launches a $100 million Abu Dhabi foundation to expand its distributed ledger technology in the Middle East.