During the World Blockchain Summit in Dubai, famous cryptocurrency traders and influencers competed in an exhibition boxing match for the WBC Crypto Belt. To help fund the fighting, a charity event was conducted, which featured an auction of souvenirs such as digital currency assets and nonfungible tokens (NFTs).
Amir Khan, a two-time World Boxing Champion, and the Super Boxing League (SBL), in partnership with ByBit cryptocurrency exchange and the World Boxing Council, started a conversation about a friendly fight with a small audience.
RookieXBT (@RookieXBT) vs. loomlock and Luke Martin (@VentureCoinist) vs. Louis (@barneytheboi). eth (@loomdart) was one of the famous Crypto Twitter entrepreneurs that took part in the event’s friendly boxing matches. The event was won by Louis and RookieXBT, with RookieXBT taking home the title of WBC Crypto Champion.
In line with the WBS press conference, the crypto traders-turned-fighters had been training for months, “no parties, no drinks, just hard work.” In addition, the boxing match brought a huge number of crypto enthusiasts from all over the world, who attended the charity event to support the Amir Khan Foundation.
As part of a continuous push to position Dubai as the future blockchain center, banking officials in the United Arab Emirates legally approved cryptocurrency trading in Dubai’s economic free zone on Sept. 22.
The Dubai World Trade Centre Authority (DWTCA) and the UAE’s Securities and Commodities Authority (SCA) signed an agreement on September 23 to allow regulated crypto asset trading within the DWTCA free zone, according to an official report.
“The DWTCA wants to encourage businesses that use blockchain and cryptography technologies,” SCA acting CEO Maryam Al Suwaidi said, citing the development.