The Maldives has signed a $9 billion deal with Dubai-based MBS Global Investments to develop a blockchain and digital assets financial hub in Malé, the capital city. This investment exceeds the Maldives' annual GDP and aims to attract global investors while reducing the country's reliance on tourism and fishing. The initiative is part of the Maldives' broader strategy to boost its economy and potentially triple its GDP by leveraging blockchain technology. The project is expected to position the Maldives as a significant player in the Web3 and crypto sectors, with hopes of transforming the island nation into a crypto city similar to Dubai's financial hubs. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
