Binance is in talks with authorities in the United Arab Emirates to establish a head office in the United Arab Emirates.

Binance has been in talks with the United Arab Emirates to establish a base in the United Arab Emirates. Key speakers for the exchange included representatives from the Abu Dhabi World Trade Center, Dubai International Financial Center and Dubai Multi-Commodity Center. This confirms the statement that CZ plans to establish more headquarters.

Exchange Binance discussed plans to establish a headquarters in the Arab Gulf countries with the president of the United Arab Emirates.

In particular, Binance consulted with financial representatives from the Abu Dhabi World Trade Center, Dubai International Financial Center, and Dubai Merchandise.

At the same time, Binance also invited Mark McGinness, managing director of the Dubai Financial Services Center, to discuss the fundamental plans. Their goal is to gain approval to establish a national base.

Based on their recent efforts, Binance has no hope of establishing itself as a financially responsible and regulated company. Essentially, the emergence of cryptocurrency exchanges can help spur innovation and gain more credibility than today.

Binance also plans to establish its headquarters in the United Arab Emirates, which CEO Changpeng Zhao (CZ) also said:

“Binance is strengthening its licenses and following procedures and plans to set up more headquarters.”

Meanwhile, the head of Abu Dhabi Global Markets noted that the country is taking advantage of new opportunities and innovations. In this way, they announced virtual reality to attract and adapt to tech tech companies.

According to the Abu Dhabi World Economic Forum (ADGM)

"A 'complete' virtual management asset designed for trade, agents, intermediaries and related services for all businesses in the region and around the world looking for opportunities in the region. "

This statement is also optional, so we'll keep you updated as the UAE approves Binance's plans for their headquarters.

Author: Karikari Daniel | Compiler: Maya | Source: coinquora