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- #Gate Ranks Top 4 Exchange#
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The Trump family's affiliated mining company American Bitcoin plans to establish a Crypto Assets trading team in Dubai.
On July 1, according to Bloomberg, a Bitcoin mining company linked to the Trump family plans to set up an office in Dubai. Dubai is rapidly becoming an important center for the Crypto Assets industry due to its friendly attitude towards taxation and regulation. According to the Dubai International Financial Centre's filing, Hut 8, which is headquartered in Miami, registered last week to prepare for the establishment of this office. A company spokesperson confirmed that a team is being formed in Dubai, focusing on trading and encryption asset accumulation strategies. According to the year-end report, Hut 8 currently has Bitcoin Mining operations in Texas, New York, and Alberta, Canada. Hut 8 is involved in a new company partly owned by Donald Trump Jr. and Eric Trump. The company is called American Bitcoin, which is receiving most of Hut 8's Bitcoin mining equipment and plans to go public this year through a merger with another listed company. After the merger, Hut 8 will hold 80% of the new company's shares, and several executives, including CEO Genoot, will join the board. A spokesperson for Hut 8 stated that its new office in Dubai is unrelated to its partnership with American Bitcoin.