Binance looks to be ‘most compliant exchange’ with new DWTC deal – ArabianBusiness.com
- Date: 22-Dec-2021
- Source: Arabian Business
- Sector:Financial Markets
- Country:Middle East
Binance looks to be ‘most compliant exchange’ with new DWTC deal – ArabianBusiness.com
As the crypto space in the Middle East continues to evolve and disrupt traditional financial systems, the longstanding debate around the importance of regulatory policies looms large.
Some players have dodged regulation, saying it isn’t compatible with DeFi – or decentralised finance – while others have set up companies in line with regulation, and yet others, including exchange platform Binance, are actively trying to work with regulators to create frameworks and comply.
The UAE has been at the forefront of this global revolution, positioning itself as a likely contender to become a global hub for cryptocurrency in the Middle East. It vies for that spot alongside Singapore and Switzerland.