Reuters: UAE crypto companies show resilience amid US-Israel and Iran conflicts

PANews reported on March 18 that, according to Reuters, despite the third week of conflict between the US, Israel, and Iran, and the resulting chaos in the Middle East's energy markets and transportation, UAE-based crypto companies have demonstrated resilience due to the nature of their business, which is primarily based in the cloud and virtual marketplaces.

Laia Fernández, a crypto marketing executive in Dubai, stated that daily life has not been significantly altered, with clients operating on cloud infrastructure and virtual marketplace platforms. Business remained unaffected even with many employees working from home or temporarily traveling abroad. Alex Scott, a crypto executive promoting the Solana blockchain in Dubai, pointed out that the conflict has actually accelerated discussions about the resilience of financial infrastructure, ensuring the UAE's continued appeal to crypto and blockchain. Thomas Puech, CEO of crypto exchange INDIGO, stated that there is no indication of capital flows related to fleeing the UAE.