Major cryptocurrency exchanges and businesses are increasingly attracted to the Persian Gulf region due to its progressive regulatory environment. Regulatory certainty and clarity, including the presence of virtual asset regulators in Dubai and Abu Dhabi, are drawing industry players. Binance FZE’s general manager, Alex Chehade, highlighted the importance of regulatory parameters for long-term business planning and Binance’s role as a catalyst for Web3 companies.
Middle East regulatory clarity drives crypto industry growth — Binance FZE head
