Maldives Launches Tax-Free $9B Blockchain Hub for Investment

By: bitcoin ethereum news|2025/05/06 19:00:02
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MBS Global Investments has officially launched a $9 billion investment plan with the Maldives to establish a blockchain-powered financial hub. This project places it as a potential competitor to established financial hubs like Dubai, Abu Dhabi, and Mauritius. The Maldives government has teamed up with Dubai-based MBS Global Investments in an $8.8 billion joint venture to bring a bold vision to life: the creation of the Maldives International Financial Centre (MIFC) in central Malé by 2030, with hopes of turning the island nation into a global hotspot for blockchain and digital finance . On May 4, the two entities signed the agreement under the leadership of President Mohamed Muizzu, which includes both a formal joint venture deal and a Memorandum of Understanding (MoU). The MIFC will be developed over a five-year timeline and will be financed through a combination of equity and debt. MBS Global has already secured between $4 billion and $5 billion in funding commitments. Being that the Maldives is an independent island country in the north-central Indian Ocean, it is a tourism-dependent economy, and this initiative represents a critical shift in strategy. With major loan repayments of $600–700 million due in 2025 and nearly $1 billion in 2026, the country is under pressure to diversify and stabilize its economic foundation. “This financial centre will set a new global benchmark and advance financial innovation by at least two decades,” said Nadeem Hussain, CEO of MBS Global Investments, in the official press release. “It is the next evolution of what we’ve seen emerging in financial hubs around the world.” More Than Just a Financial District But the MIFC is envisioned as much more than a business zone. The development will span 780,000 square meters, housing over 6,500 residents and welcoming up to 35,000 visitors daily. It will feature iconic architectural landmarks, including three towers hosting residences and offices, internationally branded hotels, a retail district, an international school, a state-of-the-art convention center, an Oceanographic Museum, and a mosque. The centre’s appeal will largely hinge on its attractive incentives for investors, including zero corporate taxes, no residency requirements, tax-free inheritance, and guaranteed property rights. The MIFC will offer a broad array of financial services, from multi-currency and offshore private banking to digital asset management and green finance solutions. “We are building the Maldives of tomorrow,” President Muizzu stated. “This financial centre is not just a symbol of economic resilience; it’s a national milestone that will bring lasting prosperity to our people and set a new benchmark globally.” The project is expected to generate more than $1 billion in revenue by its fifth year and is forecast to create around 16,000 jobs in Malé alone, providing a much-needed boost to employment and generating new high-value skill opportunities. Finance Minister Ibrahim Ameer highlighted the broader vision: “This is a momentous project. It gives us the opportunity to evolve beyond tourism and attract the world’s most innovative companies and visionary entrepreneurs.” Across the globe, interest in blockchain and digital assets is surging. Earlier, Abu Dhabi’s sovereign wealth fund MGX invested $2 billion into Binanc e, one of the world’s leading crypto exchanges, further signaling growing institutional interest in this space. Source: https://www.crypto-news-flash.com/maldives-launches-tax-free-9b-blockchain-hub-to-attract-investment/

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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