Cody McGrath 
The Crypto Valley Association in Switzerland has agreed to a joint partnership with Dubai-based Crypto Oasis, to promote the continued growth of the blockchain industry in both countries.
The Crypto Valley Association (CVA), situated in the self-described “crypto valley” of the Swiss Canton of Zug, will lead the collaboration with its equivalent in Dubai to link the expanding blockchain communities in Switzerland and the Middle East.
Ralf Glabischnig, who was instrumental in establishing Zug as a hub for blockchain and cryptocurrency firms, launched both organizations.
Organizations like the Ethereum Foundation were founded in the region, as Cointelegraph Magazine previously analyzed. The new alliance between the groups in Switzerland and the UAE is expected to foster communication and information exchange between companies operating in both nations.
The CVA-led effort in Dubai, which now has more than 1,100 UAE-based firms collaborating in its expanding ecosystem, will be directed by Crypto Oasis co-founder Faisal Zaidi.
In a statement from the announcement, Zaidi emphasized Dubai’s attempts to imitate Zug’s acceptance and development of blockchain-based enterprises, products, and services:
“This alliance will connect a fragmented blockchain world by connecting Switzerland, which is at the forefront of disruptive technology, with the Middle East, which is all set to become the new hub for crypto and blockchain.”
Similar efforts have already been made by CVA, which in July 2022 launched a Latin American branch to capitalize on the region’s developing blockchain and cryptocurrency industries.
The release claims that CVA has invited the Dubai International Financial Centre to Zug to find blockchain companies that might relocate there to support the UAE’s expanding blockchain ecosystem.
By the end of 2022, the Dubai Crypto Oasis hopes to have 1,500 blockchain and cryptocurrency businesses operating within its ecosystem. In contrast, it took the ecology of CVA over six years to reach 1,000.
Dubai updated its regulatory framework in March 2022 to improve investor safety and establish governance requirements for enterprises dealing with cryptocurrencies.
Major cryptocurrency exchange operators Binance and FTX received approval to start operating and establishing headquarters in Dubai around the same time.