Dubai Close To Be Global Crypto-hub, Supports Major Crypto Businesses

2022.05.25 05:26

Dubai Close To Be Global Crypto-hub, Supports Major Crypto Businesses

• Binance to launch its first headquarter in Dubai and Bahrain.
• The top-down approach to developing crypto-policy made Dubai a go-to destination for crypto-service providers: Citi Bank official.
• Binance will start operations in the Dubai HQ from June 2022.

Following the recent launch of the ‘Dubai Metaverse Strategy’ which focuses on the developments in the digital economy and leverage opportunities within the metaverse, Dubai is gearing up to host the first MENA headquarters of the world’s largest cryptocurrency exchange, Binance.

According to a recent study published by Checkout.com, around 54% of people in this region think that crypto must be used as currency rather than merely an investment asset. This ratio is 9% higher than the global average of 45% and 11% higher than the USA …

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