Dubai plans a "Crypto Tower" with 150,000 sq. ft. for blockchain startups, featuring office spaces, AI hubs, an NFT gallery, and a crypto club. It aims to boost Dubai as a global crypto hub by 2027.
According to the press release, this is the most significant investment into a crypto company, the largest investment paid in crypto (stablecoin), and the first institutional investment in Binance.
According to the press release, this is the most significant investment into a crypto company, the largest investment paid in crypto (stablecoin), and the first institutional investment in Binance.
Dubai plans a "Crypto Tower" with 150,000 sq. ft. for blockchain startups, featuring office spaces, AI hubs, an NFT gallery, and a crypto club. It aims to boost Dubai as a global crypto hub by 2027.
The crypto wallet provider announced the launch of a crypto exchange "dedicated to the ideals and principles the industry stands for." It has already secured a license in Dubai.
Binance has exited multiple European countries despite its stated intentions to focus on compliance with MiCA regulations. Meanwhile, the company became the first to obtain an operational license for providing exchange services in Dubai and re-entered the Japanese market with a licensed entity.
A new report by Coincub highlights the best and worst countries in which to hold cryptocurrencies, highlighting a new age of national taxation where competition and innovation align.
At the Dubai Fintech Summit many executives expressed their discontent with the US crypto regulation and gave credits to the UAE legal framework. Coinbase CEO even suggested that the UAE could serve as an international crypto hub for Coinbase.
