On April 30, the top global cryptocurrency industry event Token2049 grandly opened in Dubai, attracting over 15,000 Web3 industry leaders, investors, and developers to gather in the Middle East's digital financial center. As a financial innovation platform focused on bridging Web2 and Web3, Interlace will deeply participate in this conference and several core side events, showcasing innovative technological achievements, discussing compliance strategies, and further promoting globalization.
It is understood that Token2049 is known as the 'Davos of the crypto field.' In recent years, Dubai, with its flexible and open regulatory policies and the advantage of gathering high-net-worth capital, is becoming a key part of the global Web3 enterprises' expansion into emerging markets. During this Token2049 event in Dubai, Interlace will comprehensively showcase its technological strength and ecological vision through keynote speeches, roundtable sharing, side events, brand booths, and other multidimensional forms.
Middle Eastern compliance paths and business outlook
Interlace founder and CEO Michael Wu was invited to attend the 'Mastering Web3 Finance and Compliance: Blockchain & Beyond' event, participating in a discussion on the compliance framework and trends of Web3 in the Middle East. Michael Wu analyzed the compliance paths in the Middle Eastern market based on the company's globalization practices. He stated that the regulatory efficiency in the UAE provides significant advantages for Web3 enterprises: 'Applying for a virtual asset service provider license in Dubai takes only a few months, while similar processes in Singapore can take up to two years, and in the United States, businesses face long-term uncertainty due to conflicts between federal and state regulations.' This differentiated regulatory environment provides a key window for Interlace to quickly establish its business in the Middle East.
(Interlace founder and CEO Michael Wu)
Michael further shared Interlace's compliance strategy: 'Early investment is the core of building competitive barriers. We have successfully obtained licenses such as MSB, MSO, and VASP in Hong Kong, the United States, Europe, and other places.' He believes that technical capabilities are deeply tied to compliance, such as optimizing KYC processes through biometric technology, which not only meets regulatory requirements but also lowers the barriers for users. 'Compliance is not a cost but the cornerstone of brand trust, especially for professional institutions and investors who will inevitably choose compliant partners, which is a prerequisite for the long-term development of the company.'
Regarding the integration of traditional finance and Web3, Michael used Interlace as an example to explain the advantages of multi-license synergy: 'The crypto cards we issue support the seamless connection between on-chain assets and off-chain consumption, which also places higher demands on compliance capabilities across jurisdictions.' He revealed that Interlace is actively laying out its business in the Middle East and will integrate compliance technology experience into the regional market to promote the development of blockchain technology.
Side events showcasing technological innovation 'flexing muscles'
In addition to roundtable discussions, Interlace will also participate in important events such as 1001 Crypto Nights, Gilded Mirage, and Hack Seasons Conference Dubai, exploring the integration paths of traditional finance and Web3 in Dubai and the Middle East, as well as important topics like CaaS API solutions. At the event, Interlace showcased customized bank physical cards, allowing attendees to experience a seamless connection between 'on-chain assets and off-chain consumption' as a limited-time gift experience card.
Interlace's high-profile appearance at Token2049 in Dubai is an important move in its globalization strategy and a significant milestone in deepening its presence in the Middle Eastern market. Regarding the development of Web3 in Dubai and the MENA region, Interlace founder and CEO Michael Wu stated: 'The Middle East is transitioning from an ‘energy center’ to a ‘digital innovation center,’ and its open regulatory environment and capital vitality provide a unique soil for Web3. We look forward to collaborating with local partners to build inclusive and efficient infrastructure, allowing blockchain technology to benefit more enterprises and users, and promoting MENA to become a new benchmark for global Web3 applications.'