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Edited by Ritu13 at 22-12-2023 01:59 PM
"You say that money can't buy happiness? Habibi, come to Dubai." This is a meme I came across while scrolling through videos. The underlying meaning is, you say money can't buy happiness? That's because you haven't been to Dubai. Indeed, as the largest city in the UAE, ranked eighth in the world for per capita GDP at 69,434 USD, how could one not find happiness with money? Moreover, let me tell you, this happiness could very well reach another level. Why? Because Binance has partnered with the Dubai World Trade Centre Authority (DWTCA) to jointly promote the international "cryptocurrency ecosystem."
Recently, Binance, the world's largest cryptocurrency exchange by trading volume, announced that it has signed a memorandum of understanding (MOU) with the Dubai World Trade Centre Management Authority. In this memorandum, Binance will assist Dubai in promoting the creation of an international virtual asset ecosystem, using innovation to ensure long-term economic growth for Dubai. It will also help the country formulate progressive regulations for virtual assets. In fact, Dubai has taken several actions this year to support local cryptocurrency development and monitoring. With the signing of the MOU with Binance, it symbolizes that the UAE is gradually becoming one of the globally cryptocurrency-friendly jurisdictions.
Currently, Dubai is competing with Singapore, Switzerland, and other regions to become a global cryptocurrency hub. To achieve this, the Dubai Multi Commodities Centre (DMCC) has set a target to attract over 1,000 cryptocurrency companies next year. Discussions with Binance about establishing headquarters in the country have also taken place. It can be said that Dubai has the potential to become a global cryptocurrency hub, but everything will be clearer once Binance announces significant plans regarding its headquarters. |
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Post time 6-12-2023 14:25:57
