Binance continues its pursuit of establishing a headquarter with reported discussions with United Arab Emirates regulators.
Crypto giant Binance is in discussions with officials from the special economic zones of Abu Dhabi Global Market (ADGM), Dubai International Financial Centre (DIFC) and Dubai Multi Commodities Centre (DMCC) about a potential headquarter, according to a «Bloomberg» report citing unnamed sources.
ADGM, in particular, made a «compelling case with their quick rollout of a virtual asset framework and recent incentives to lure financial technology firms», the report added.
UAE Links
Binance has a number of links with the UAE region across its roster of senior executives.
Recent hires include Mark McGinness and Matt Gamble, formerly from the Dubai Financial Services Authority and ADGM, respectively.
Binance Singapore chief executive Richard Teng was previously the CEO of ADGM.
