Home GCC UAE Binance planning to tie up with Dubai for crypto activities – report Dubai is reportedly being regarded as an option for the company’s global headquarters by Bloomberg December 14, 2021 Binance will soon sign a memorandum of understanding with Dubai 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 UAE, according to the report. CEO Changpeng Zhao also recently met with heads of the Dubai Blockchain Center 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. Binance, the world’s biggest cryptocurrency exchange, is facing increasing regulatory scrutiny worldwide as interest in the asset class grows. Binance’s Singapore affiliate on Monday withdrew its application to run a bourse in the city-state. The company also recently confirmed that it is in investment talks with sovereign wealth funds, which Zhao said may help to improve its “perception and relationships” with various governments. Tags Binance cryptocurrency Dubai Fintech Headquarters UAE 0 Comments You might also like Taxi-sharing pilot service launches between Dubai, Abu Dhabi New Dhs1bn fund targets reshaping UAE health, wellness How Dubai’s Dhs16bn mega road development plan will ease traffic Insights: Why the UAE is a premier hub for cybersecurity startups