Bitcoin exchange Binance has signed a Memorandum of Understanding with the Dubai World Trade Center Administration with the aim of creating an industry hub in the emirate.
“Through the memorandum, Binance will support Dubai’s drive to create a new international virtual asset ecosystem that will drive long-term economic growth through digital innovation,” the company said in a statement.
Binance noted that one of the objectives of the exchange under the initiative is to help participants in the blockchain industry obtain a license in Dubai. The company plans to share [7 — inhale] knowledge and experience of cooperation with regulators.
In November, it became known that the founder and CEO of Binance, Changpeng Zhao, had acquired real estate in Dubai. The media saw this as a signal about the possible opening of the headquarters of the exchange.
Recall that in November, Binance published a set of “10 Fundamental Rights of Crypto Users” as a basis for developing regulatory rules for cryptocurrencies.
