Cryptocurrency exchange Binance is in talks with regulators in the United Arab Emirates for a possible office it could set up according to media reports.
According to the news reported by Bloomberg based on people with knowledge about the subject, the managers of Binance Holdings Limited; Dubai Multi Commodities Center (DMCC) and Dubai International Financial Center (DIFC) meeting with representatives of special regions such as
Founded in China in 2017, Binance is still a company, according to the statements made by company CEO Changpeng Zhao. Since it has no head office Having trouble with regulators around the world. To fix this problem, Zhao plans to establish a central office had explained.
While Binance has not made a confirmation statement that its head office will be in the United Arab Emirates, as a representative company speaking on behalf of Binance, “More than one set up a regional office We are evaluating several different potential strategies, including made a statement.
Some names from special regions in Dubai and Abu Dhabi have recently joined Binance. Among them, those that regulate DIFC At Dubai Financial Services Authority (DFSA) Mark McGinness, who worked in Abu Dhabi, and Matt Gamble, who worked at ADGM, the financial center of Abu Dhabi.