Abu Dhabi’s IHC Acquires Stake in Phoenix Group: A Game-Changer for Cryptocurrency Industry

The Abu Dhabi giant, International Holding Company (IHC), a major player in the MENA region, is poised to buy a 10% share of cryptocurrency firm Phoenix Group through its subsidiary, International Tech Group. This deal was publicly announced on the Abu Dhabi Securities Exchange (ADX) last Friday, and IHC’s subsidiary is currently working on fulfilling all required formalities and obtaining regulatory nods to complete the purchase.

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