FTX Chaos Prompts Reckoning on Dubai’s Embrace of Crypto Giants
- The UAE has tried to lure firms with crypto-friendly policies
- FTX, Three Arrows implosions trigger debate over regulation
The Dubai Crypto Expo at the Festival Arena in Dubai, Oct. 5.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
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On Oct. 26, days before the collapse of his crypto exchange FTX, Sam Bankman-Fried sat for lunch at an upscale Dubai restaurant, subtly testing the waters for funding at a table of founders, bankers and financiers, including Anthony Scaramucci.