Dubai close to becoming a global crypto-hub. Supports major cryptocurrency businesses- Binance will open its first headquarters in Dubai and Bahrain.
- Official at Citi Bank: Dubai was chosen by the top to develop crypto-policy.
- Binance will begin operations at the Dubai Headquarters in 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.
Checkout.com recently published a study that found 54% believe crypto should be used for currency and not just as an investment. The ratio is 9.9% higher than that of the global average of 45 % and 11% more than that in the USA.