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The yacht party held by DOGEOS during the Token2049 Dubai Conference Week. Dubai, United Arab Emirates, May 1, 2025
Natasha Turk | Cnbc
Dubai, united by the Arab Emirates-in a wet night in Dubai in early May, I joined the guests collected on the five-story, 220-foot-long lotus megaque to celebrate the culminating token2049, a major crystance conference that took place in a brilliant desert emirate.
The party conducted the DOGEOS, the app developer for Blockchain for Dogecoin, Shiba Inu, which entered a meme-monet, which in 2021 saw a broken action and briefly turned several bodies to millionaires.
This is part of a long line of loud events based on the UAE and feels like a long-standing symbol constantly growing around cryptocurrencies in the Middle East and in the world.
The participants around me covered the colorful mixture; Krypto -Investigators and the founders of the startup, programmers, influences – and those who, after half an hour, would not explain what they were doing.
“You’ve probably heard about me. Elon is very retired,” said one guest, introducing himself. Later I heard him saying the same line of three more people.
One pair of women participants promoted its startup, based in Dubai, which develops business plans for corporations and entrepreneurs, “calculating their astrology and numbers of childbirth.” They told me that “millionaires often look at this science … But billionaires love it.”
Bartmen serve guests on board 220-foot megaque in Dubai, May 1, 2025
Natasha Turk | Cnbc
The guests came from all over the world, sharing a general passion for the future of decentralized digital currency and revolutionization of finance. The microcosm itself Dubai, the boat was a melted pot of nationalities and characters.
One American passenger in a cowboy hat and a backpack from a ninja -Charapaw launched a marker with a window cap called $ Wit coin standing for “Tarnation”. He discussed cooperation with Krypto enthusiasts between China.
The organizer of the party Dogeos Yacht welcomes the guests on board Lotas in Dubai, the United Arab Emirates, May 1, 2025
Natasha Turk | Cnbc
The guest list also includes Olaf Carlson-Vu, Original Bleach-Blonde Arrigin “Bubble Boy” from the crywho was the first coinbase employee and later founded the Polychain Capital, one of the world’s largest crystals. Carlson-Vi, a net net price, estimated in hundreds of millions, said he often arrives with Los Angeles to work with the UAE government.
Trump’s cry is coming to Dubai
The potato energy yacht-in-in-in kit with open bars, bars teppanyaki and belly dancers in the vegas, which wear the hats of the pen, have been referred to unbridled optimism, which is currently throbbing through the global cry-community.
“We are so back” in social media many months after the return of US President Donald Trump to the White House and his promise to make America “Krypto -Stoli of the World”.
His son Eric Trump, the executive vice-president of Trump’s organization and Trump’s board member owned by the World Financial Crypto Platform, was the chief speaker at Token2049 Dubai. He was joined by Zat Vitcoof, co -founder of World Liberty Financial, and son Steve Vitco, Messenger of Trump administration.
“Smart people, low taxes … And willingness to actually expect and realize that the modern financial system is disturbed,” is part of what the UAE makes as attractive to cryptocurrency lovers as it, as it is, as it is, as it Junior Trump told CNBC During the conference.
Speaking at this event on May 1, Eric Trump also announced that the world company “Trump family” will provide a stable investment investment firm Mammoth, which is supported by Abu Dhabi, in Binance, the world’s largest crystill.
“We thank MGX and Binance for their trust in us,” Zacoff said. “This is just the beginning.”
“Everyone was here”
Jordan Jefferson, CEO of MyDoGe, a team behind Dageos moved from Canada to Dubai in 2022 in search of a more pure cry. At the time when North America was angry in the industry, he said the UAE “covers it and leading.”
“I came out here because it was at the forefront of the industry. And everyone was here – the energy was strange,” he said CNBC at the yacht -evening. Jefferson and his colleagues dressed shirts decorated with the image of Dogel Ina in the Emirate’s headdress, Kandura, which they called “Habibi Dodge”.
Part of the horizon Dubai, as seen from the yacht -evening DOGEOS 1 May 2025, in the United Arab Emirates
Natasha Turk | Cnbc
Main cryptocurrency exchanges such as Binance, Crypto.com, OKX, Bybit and Kraken received permits or temporary work licenses in the UAE, and many decided to open offices and regional headquarters there. The Gulf Country also created a “Blockchain UAE strategy”, conducts several major crypto -pages annually and offers visas to remote workers and entrepreneurs, as well as ordering procedures to start a business.
“They are leading in regulation, of course, trying to become one of the main jurisdictions where everything is completely regulated,” Jefferson said of Dubai and Abu -Dhabi.
In 2022, Dubai created a virtual asset regulation or VARA – the world’s first independent crypto -regulator – controlling virtual assets in the Emirate and provides licensing and surveillance of the cry.
The UAE Capital Global Market also updated its basis of digital assets in 2023, providing a more accurate licensing and regulatory environment for crypto -exchange, keepers and other virtual assets suppliers.
Scandals and regulation
Despite the fact that in recent years he has enjoyed the stock in the prices, the crypto industry has encountered numerous scandals and disputes over time: from the collapse of FTX to the prison of Krypto-Birge Birch Bankman and former Binance CEO Zhoo.
Before announcement of bankruptcy in November 2022, the FTX created its regional headquarters in Dubai and was one of the earlier firms, which in March issued a VARA license because the emirate worked on delaying the crystals.
Since then, Zhao, a Dubai resident, has been released from prison after serving a four -month term on charges of money laundering. He was granted UAE citizenship, although the terms of the emirate naturalization were not publicly disclosed.
In February based on the Dubai Digital Currency Exchange Bybit showed it a victim Hack who saw that cybercrime is removed from $ 1.5 billion It is worth the tokenses in the history of the cryo-fever in history.
The UAE learned from their experience, the participants of the TOKEN2049 CNBC said.
“Not just” to implement reliable regulation, Jefferson said from Dogeos. “It’s easy to say,” Hey, you can do anything. “It is harder to do a regulatory base, where other countries around the world will accept it and realize that if you are a company built here (in the UAE) and according to these rules, it’s legal. So I think this is probably the most important thing.”
The Dubai Penal Road, May 1, 2025
Natasha Turk | Cnbc
Several cryptors -investors described the proper work in the UAE as they became more sophisticated, but they say that the regulation is at a level that still makes it more friendly for this industry than in the US or Europe.
“People really feel much safer crypto-companies in Dubai compared to the United States is very excessively regulated,” said William Atanas, Miami founder. “And that’s what they work on – Trump and Elon (Musk) suggested that they would like to delete 10 rules for each they add. But we haven’t seen it yet.”
On the night on the yacht -evening, May 1, Bitcoin traded at $ 94,808. At the time of publication, it is traded at $ 110 538.
Dani Liu, a national Chinese, which is in Sweden, which co-established the Life Platform Protocol that uses blockchain to ensure the scientific research guided by society, was in Dubai for the first time to participate in Crypto Conference and Dogeos Boat Party.
“Before I came here, it seemed that the mood on the market was not so high, people were less willing to risk,” Liu said. “But I came to Dubai and I see people still dancing. I was surprised. The show was going on.”
– CNBC Ryan Brown He contributed to this report.
