- Crypto Exchange Appreciates Local Business Rules
- And he sees interest in cryptocurrencies from the side of the population
Crypto exchange Binance chose The UAE as one of the most important areas for future development. This was reported to Cointelegraph journalists by the head of the local division, Alex Cheheid.
He started with the fact that the UAE adopted a strategy for the development of WEB3 and digital assets. The country wants to diversify its sources of profit. In addition to oil, they are looking for new ways of development. Including crypto business.
It is important that against the backdrop of American crypto-repression, the UAE has implemented a clear regulatory framework. This means that companies will feel confident and will be able to plan a growth strategy.
Binance is here [в ОАЭ]because we have been given the assurance that we can operate and build the future.”
Alex Cheheid does not rule out that the UAE will become the first region in the Middle East to accept cryptocurrency as legal tender.
The Binance Mena Twitter account also confirms the course towards the UAE.
The crypto exchange shared statistics that the Emirates ranks 1st among the percentage of cryptocurrency holders in the world of the total population. By the way, Ukraine is in 7th place here.
Binance has been banned from working in Belgium since June 24 due to the lack of a license from the EU. The platform was ordered to stop all operations. And also transfer cryptographic keys and client assets to “suitable crypto exchanges with registration”.