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The Maldives is poised for a major crypto and Web3 development push, backed by a substantial $8.8 billion investment from Dubai-based MBS Global Investments. Finance Minister Moosa Zameer revealed the plans in a recent interview, highlighting the five-year initiative aimed at overhauling the country’s technological landscape. This ambitious project seeks to establish a robust Web3 ecosystem within the Maldives, potentially transforming the popular tourist destination into a hub for blockchain technology and digital innovation. The substantial funding underscores the country’s commitment to exploring the potential of cryptocurrencies and decentralized technologies, aiming to attract further investment and diversify its economy.
