KEY TAKEAWAYS
- Crypto.com appoints Mohammed Al Hakim as President of UAE operations, highlighting its commitment to regional growth and diversity.
- Al Hakim brings extensive experience in business development and strategic partnerships, having driven significant foreign investments into Dubai.
- His role will focus on expanding Crypto.com’s presence in the GCC region and collaborating with government entities to enhance digital transformation.
- The UAE is positioned as a major hub for digital assets, with significant cryptocurrency transactions recorded, underscoring its growing crypto economy.
Dubai, December 18, 2024—Crypto.com has announced the appointment of Mohammed Al Hakim as President of its UAE operations. This move underscores the company’s commitment to regional growth and diversity. Al Hakim’s hiring marks the first time a GCC and Emirati national has taken on this prestigious role within the company and the broader cryptocurrency industry.
Mohammed Al Hakim brings over a decade of professional experience in business development, strategic partnerships, and financial innovation. His career highlights include driving over $800 million in foreign investments into Dubai and raising millions in sponsorships for UAE government initiatives. Al Hakim has also launched pivotal programs aimed at empowering Emirati talent.
Currently, Al Hakim is a member of the Mohammed Bin Rashid Center for Leadership Development (MBRCLD), participating in its 7th cohort. This program is dedicated to grooming future leaders in the region, aligning with his commitment to fostering innovation and leadership in the UAE and GCC.
Strategic Role and Regional Impact
In his new role, Mohammed Al Hakim will oversee Crypto.com’s UAE operations and lead strategic initiatives to expand the company’s presence across the GCC region. He will collaborate closely with UAE government entities, Blockchain and FinTech initiatives, and GCC council programs to strengthen the region’s leadership in digital transformation and financial innovation.
Eric Anziani, President and Chief Operating Officer of Crypto.com, expressed enthusiasm about Al Hakim’s appointment, stating, “We’re really excited to welcome Mohammed Al Hakim to Crypto.com, and appreciate the knowledge, experience and background he will bring to our expanding UAE team.”
UAE’s Growing Crypto Economy
The UAE has emerged as a key global hub for digital assets, with over $30 billion in cryptocurrency transactions recorded between July 2023 and June 2024, according to Chainalysis. This positions the UAE as the third-largest crypto economy in the MENA region.
Al Hakim commented on his new role, saying, “I am honored to join Crypto.com at such an exciting time for the cryptocurrency industry. The UAE’s leadership in fostering a forward-thinking regulatory framework has set the stage for exponential growth.”
This announcement comes as Crypto.com continues to expand its global and regional footprint. The company recently acquired Orion Principals Limited, regulated by the Abu Dhabi Global Market (ADGM), and launched its AED Wallet, enabling fast and seamless deposits and withdrawals in the local currency. Additionally, Crypto.com announced a collaboration with Mastercard to issue its prepaid debit card to eligible users in the GCC region.
For more details, visit the official announcement here.
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