Crypto.com has named Mohammed Al Hakim as President of its UAE operations, marking a significant milestone as the first Emirati and GCC national to assume this leadership role.
The appointment underscores the growing trend of regional representation in senior positions within the cryptocurrency sector.
Set to Lead Expansion Across GCC
Over the past decade, Mohammed Al Hakim has excelled in business development, financial innovation, and strategic partnerships, driving over $800 million in foreign investments into Dubai and securing millions in sponsorships for government initiatives.
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As Director of Corporate Management at the UAE’s Ministry of Human Resources, he played a key role in earning the Mohammed Bin Rashid Government Excellence Award for cross-sector collaboration.
In addition to his professional roles, Al Hakim is a member of the Mohammed Bin Rashid Center for Leadership Development (MBRCLD), focused on cultivating the region’s next generation of leaders.
In his new role, Mohammed Al Hakim will lead Crypto.com’s UAE operations and drive strategic efforts to expand its footprint across the Gulf Cooperation Council (GCC), a political and economic union of six Middle Eastern countries: Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman.
As per official announcement, he will work closely with UAE government entities, blockchain and fintech initiatives, and GCC council programs to bolster the region’s position in digital transformation and financial innovation.
“We have a number of growth initiatives and exciting product launches in the pipeline for 2025 in the UAE and wider GCC region and we’re delighted to have Mohammed onboard to spearhead these,” said Eric Anziani, President and Chief Operating Officer of Crypto.com.
The UAE’s Growing Role in the Cryptocurrency Sector
Al Hakim’s appointment comes as the UAE solidifies its position as a global digital asset hub.
The country has emerged as a key player in the cryptocurrency ecosystem, with Chainalysis reporting over $30 billion in transactions between July 2023 and June 2024.
This places the UAE as the third-largest crypto economy in the MENA region, supported by its progressive regulatory framework and focus on fostering innovation.
Crypto.com Withdrew SEC Lawsuit
Crypto.com, the crypto trading platform with over 100 million customers globally, made headlines this week after withdrawing its lawsuit against the U.S. Securities and Exchange Commission (SEC).
The move follows a meeting between CEO Kris Marszalek and President-elect Donald Trump at his Florida residence. The company has expressed its intention to work with the incoming administration on cryptocurrency regulation.
Since this October, the company has been in litigation with the SEC for violating securities laws by offering unregistered securities.
On the Flipside:
- While the UAE’s position as a crypto hub is strengthening, particularly with the introduction of various regulatory frameworks like the Dubai Financial Services Authority’s (DFSA) Crypto Token Regime, the regulatory environment is still evolving.
Why This Matters
The appointment of a local leader as President of Crypto.com’s UAE operations marks a significant moment for the company and the region’s crypto landscape. It reflects the growing trend of regional representation in senior roles and underscores the UAE’s rising influence in the global digital asset market.
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