Binance to tie up with Dubai on crypto activities, BT reports – ArabianBusiness.com

Binance to tie up with Dubai on crypto activities, BT reports – ArabianBusiness.com

Binance will soon sign a memorandum of understanding with Dubai’s government for crypto-related activities, the Business Times reported, citing unidentified individuals with knowledge of the matter.

Dubai is regarded as a candidate for the company’s global headquarters, and the company has been strengthening ties with the United Arab Emirates, according to the report. CEO Changpeng Zhao also recently met with heads of the Dubai Blockchain Centre and the Dubai Police’s virtual assets crime section, the newspaper said.

A Binance spokesperson told Business Times the company’s having conversations with governments and key stakeholders in various markets, but declined to comment on the issue of its headquarters, adding that it would release official statements to inform about developments when appropriate.