Binance will set up industry crypto hub in Dubai
The management of the exchange has already signed a memorandum of understanding with the emirate authorities
![Binance will set up industry crypto hub in Dubai](https://storage.getblock.net/source/1/GovOUDXFX7XaH8443vq6Mw5Hr_IG74kB.png)
22.12.2021 - 09:00
583
1 min
0
What’s new? The official Twitter account of the Binance cryptocurrency exchange has published news about the signing of a memorandum of understanding with the Dubai World Trade Centre Authority.
#Binance signs agreement with Dubai World Trade Centre Authority to establish an industry hub for global virtual assets.https://t.co/XtR1qfM20w— Binance (@binance) December 21, 2021
“Binance signs agreement with Dubai World Trade Centre Authority to establish an industry hub for global virtual assets.”
What is known about the new hub? The exchange plans to help other projects obtain a license to operate in Dubai. According to the platform's statement, the new industry hub will create an international, innovative financial system and ensure long-term economic growth for projects and participants.
The choice of the emirate by the exchange was a logical step for further development. Earlier, was mentioned about the Dubai World Trade Centre's plans to become a hub for cryptocurrency regulation. The representatives of the center said that it will become a comprehensive zone and regulator for digital assets, products, operators, and exchanges.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024