Binance steps up hiring, activity in crypto hub Dubai | Reuters
Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the United Arab Emirates (UAE) and is helping to shape Dubai's new virtual assets' regulations, its regional head said.
Binance's links with the Gulf state have deepened in recent months as the UAE tries to style itself as the world's new digital assets hub and develops regulation.
"It is a very progressive framework and we are very happy to be part of that process, working very closely with the Dubai government," said Richard Teng, Binance's MENA head. "I wish more regulators globally adopt this approach that Dubai has - a public-private sector partnership."
The UAE's crypto push comes as international authorities voice growing concerns about the use of cryptocurrencies in money laundering and other crimes.
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