Token2049 takes place from April 30 to May 1, attracting more than 15,000 people from 4,000 companies around the world. This is one of the world's biggest events related to cryptocurrency.
According to Reuters, the event took place in the context of the excitement surrounding US President Donald Trump's stance on digital currency gradually decreasing.
Once a digital skeptic, the US president has vowed to support the industry by easing regulatory restrictions and even launching his own cryptocurrency, as a move to change the industry after a series of cryptocurrency companies collapsed in 2022.
cryptocurrency prices soared to record highs after he won the election, but have fallen this year.
Bitcoin fell about 12% from its peak as the global trade war and the industry worried that the pace of digital currency management under Trump was slower than expected.
Miklos Vesz premi, CEO of an integrated streaming platform web3, said: "In the long term, this will be good for cryptocurrency, but it really depends on the recovery of the world economy."
According to data from PitchBook, total global risk capital in cryptocurrency companies reached 5.4 billion USD in the first quarter of 2025 - the highest level since mid-2022.
In the context of Mr. Trump's policy on digital currency still waiting for time to come true, the UAE is gradually becoming the center of this industry.
Binance, the world's largest cryptocurrency exchange, announced in March that Abu Dhabi-backed MGX investment group has invested $2 billion in cryptocurrency in the exchange, further strengthening its relationship with the UAE.
The UAE government continues to promote the application of digital currency. For example, buyers of an apartment in a tower in Dubai invested by the Trump Organization can pay in Bitcoin.
Emirates NBD Bank of Dubai has recently launched a cryptocurrency trading service on its Liv digital branch and one of the city's largest freestone areas. DMCC, which has more than 600 cryptocurrency companies, plans to open a " cryptocurrency tower" in early 2027 to store more.
"Doing business here is much easier," said Andre Liesenfeld, a German presence when mentioning Dubai.
