{"id":80749,"date":"2023-06-26T12:05:13","date_gmt":"2023-06-26T09:05:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80749"},"modified":"2025-09-11T18:50:59","modified_gmt":"2025-09-11T15:50:59","slug":"binance-names-uae-a-key-hub-for-the-crypto-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-names-uae-a-key-hub-for-the-crypto-industry\/","title":{"rendered":"Binance names UAE a &#8216;key hub&#8217; for the crypto industry"},"content":{"rendered":"<p>The Bitcoin exchange Binance regards the UAE as a &#8220;key point&#8221; for its business. This was stated by regional manager Alex Chehaid in an interview with <a href=\"https:\/\/cointelegraph.com\/news\/binance-eyes-uae-as-possible-base-for-future-operations\">Cointelegraph<\/a>.<\/p>\n<p>In his view, the Emirates are a major growth area for the digital assets industry, with a friendly regulatory environment.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abBinance \u043e\u043f\u0440\u0435\u0434\u0435\u043b\u0438\u043b\u0430, \u0447\u0442\u043e \u0432\u044b\u0441\u0448\u0435\u0435 \u0440\u0443\u043a\u043e\u0432\u043e\u0434\u0441\u0442\u0432\u043e \u041e\u0410\u042d \u0445\u043e\u0442\u0435\u043b\u043e \u0441\u0434\u0435\u043b\u0430\u0442\u044c \u0440\u0435\u0433\u0438\u043e\u043d \u043a\u043e\u043e\u0440\u0434\u0438\u043d\u0430\u0446\u0438\u043e\u043d\u043d\u044b\u043c \u0446\u0435\u043d\u0442\u0440\u043e\u043c \u0434\u043b\u044f <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>. \u041e\u043d\u0438 \u043f\u044b\u0442\u0430\u044e\u0442\u0441\u044f \u0434\u0438\u0432\u0435\u0440\u0441\u0438\u0444\u0438\u0446\u0438\u0440\u043e\u0432\u0430\u0442\u044c\u0441\u044f, \u043e\u0442\u043a\u0430\u0437\u044b\u0432\u0430\u044f\u0441\u044c \u043e\u0442 \u0438\u0441\u043a\u043e\u043f\u0430\u0435\u043c\u043e\u0433\u043e \u0442\u043e\u043f\u043b\u0438\u0432\u0430, \u0438 \u0441\u0447\u0438\u0442\u0430\u044e\u0442 [\u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u0443] \u043e\u0442\u043b\u0438\u0447\u043d\u044b\u043c \u0441\u0442\u0438\u043c\u0443\u043b\u043e\u043c \u0434\u043b\u044f \u044d\u0442\u043e\u0433\u043e\u00bb, \u2014 \u043e\u0442\u043c\u0435\u0442\u0438\u043b \u0427\u0435\u0445\u0435\u0439\u0434.<\/p>\n<\/blockquote>\n<p>The UAE&#8217;s Virtual Asset Regulatory Authority (VARA) is the key driving force behind interest in new technologies in the region, the company&#8217;s top executive noted.<\/p>\n<p>He also pointed to a large influx of young professionals and investors into the country. In his view, this could accelerate the adoption of digital assets in the jurisdiction.<\/p>\n<p>The UAE ranks first globally in the share of citizens who own cryptocurrencies \u2014 27.6%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Here is an interesting piece of statistics for you to consume, showing the UAE ranking 1st in crypto owners, globally, in % of population. <a href=\"https:\/\/t.co\/XZveSPRbLw\">https:\/\/t.co\/XZveSPRbLw<\/a><\/p>\n<p>\u2014 Binance MENA (@BinanceArabic) <a href=\"https:\/\/twitter.com\/BinanceArabic\/status\/1669106864645197827?ref_src=twsrc%5Etfw\">June 14, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThere is a clear framework with which people and companies can interact, and you won&#8217;t see it anywhere else,\u00bb added Chehaid.<\/p>\n<\/blockquote>\n<p>Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-secures-licence-in-dubai\">obtained<\/a> a VARA license in March 2022. Exchanges <a href=\"https:\/\/u1f987.com\/en\/news\/okx-granted-dubai-license\">OKX<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-exchange-secures-dubai-regulators-provisional-approval\">Huobi<\/a> also have permission to operate in the country.<\/p>\n<p>In February 2023, Ras Al Khaimah&#8217;s government plans to <a href=\"https:\/\/u1f987.com\/en\/news\/ras-al-khaimah-to-launch-free-zone-for-digital-asset-companies\">to create<\/a> a free zone for digital asset companies emerged.<\/p>\n<p>In April, the local Securities and Commodities Authority <a href=\"https:\/\/u1f987.com\/en\/news\/uae-regulator-begins-licensing-crypto-service-providers\">began licensing<\/a> crypto service providers.<\/p>\n<p>Coinbase leadership <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-leadership-names-uae-a-potential-strategic-hub\">named<\/a> the UAE a potential strategic hub as part of the company&#8217;s overseas expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin exchange Binance regards the UAE as a &#8220;key point&#8221; for its business. This was stated by regional manager Alex Chehaid.<\/p>\n","protected":false},"author":1,"featured_media":80750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,36,42],"class_list":["post-80749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-regulation","tag-uae"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80749"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80749\/revisions"}],"predecessor-version":[{"id":80751,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80749\/revisions\/80751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80750"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}