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MBS Global Investments, a Dubai-based family office, has unveiled an $8.8 billion plan to turn the Maldives into a blockchain-powered financial hub. The project promises tax-free zones, thousands of jobs, and climate-resilient infrastructure for fintech and digital nomads. This ambitious move aligns with Dubai’s push to dominate the global crypto landscape.
- The $8.8B MIFC project will span 830,000 sqm in Malé, offering tax-free zones and targeting fintech firms and digital nomads.
- Dubai's parallel crypto push includes Token2049 and Trump Tower's crypto payments, while VARA enforces whale disclosure rules.
- The Maldives' debt crisis ($1B by 2026) makes MIFC a critical alternative to traditional loans, boosting economic diversification.
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