The World Blockchain Summit in Dubai hosted an exhibition boxing match betwixt top cryptocurrency traders and influencers for the WBC Crypto Belt. The fights were supported past a charity event, featuring an sale of memorabilia including digital currency assets and nonfungible tokens (NFTs).

What started off as a conversation for a friendly match with a small audition, saw the involvement of two-fourth dimension World Boxing Champion Amir Khan and the Super Boxing League (SBL) as the organizer, in association with ByBit crypto exchange and World Battle Council.

The event saw friendly boxing matches betwixt prominent Crypto Twitter entrepreneurs such equally Luke Martin (@VentureCoinist) Vs. Louis (@barneytheboi) and RookieXBT (@RookieXBT) Vs. loomlock.eth (@loomdart). The winners of the events were Louis and RookieXBT respectively, with RookieXBT taking the WBC Crypto Champion belt.

Here's the Cointelegraph footage of RookieXBT's knockout moment:

Co-ordinate to a conversation with Cointelegraph at the WBS press briefing, the crypto traders-turned fighters take trained for months day in twenty-four hour period out, "no parties, no drinks, only difficult work." In addition, the boxing match attracted many crypto enthusiasts beyond the world that participated in the charity result, which will be donated to the Amir Khan Foundation.

Khan, too, shared his excitement about SBL's involvement with the crypto customs:

"By associating with crypto, nosotros will further broaden our endeavour to reach like-minded groups who believe in innovation and transformation."

Related: UAE regulators approve crypto trading in Dubai free zone

In an ongoing bid to showcase Dubai as the future hub of blockchain, on Sept. 22, financial regulators in the United Arab Emirates officially approved the trade of cryptocurrencies in Dubai'due south economical free zone.

A Cointelegraph study from Sept. 23 shows that the Dubai Globe Trade Centre Potency (DWTCA) signed an agreement with UAE'south Securities and Commodities Say-so (SCA) to permit regulated trading of crypto assets within the DWTCA free zone.

Citing the development, SCA acting CEO Maryam Al Suwaidi stated "DWTCA is looking to support businesses underpinned by blockchain and cryptographic technologies."