SERM 2022 to discuss investment prospects in virtual assets

SERM 2022 to discuss investment prospects in virtual assets

Local News, Uncategorized















SHARJAH / WAM

Sharjah FDI Office (Invest in Sharjah) has announced that the Sharjah Economic Ramadan Majlis (SERM) will return for its eighth edition on April 19 at the House of Wisdom at 21:00 — 23:00, with the theme ‘Emerging Opportunities in Virtual Investments’.

To be held in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and

Development Authority (Shurooq), the Majlis will bring together officials from local and federal governments, diplomatic missions and industry leaders in an open forum to discuss recent reforms and strategies aimed at accelerating the UAE’s

economic competitiveness, in context of future prospects in virtual investments.

Invest in Sharjah’s selection of the upcoming edition’s

discussion theme is a timely response to the current investment boom in the virtual assets market, which is already exhibiting promising prospects of sky-high returns with the rapid and widespread adoption of cryptocurrencies and non-fungible tokens (NFTs) as well as major advancements in digital infrastructure and encryption technology.

The UAE is set to become a global centre of virtual asset trading. The recently issued Virtual Asset Regulation Law, enforced by the Virtual Asset Regulatory Authority (VARA),