![]() But the region is opening its doors to the loosely regulated world of crypto at an awkward time - the UAE was recently placed on a " gray list" by the Financial Action Task Force, a global money laundering watchdog. Several crypto companies, including and FTX, are looking to Gulf states like the UAE as a destination to set up shop. ![]() The firm is currently evaluating where to establish its main office. However, in response to pressure from global regulators, Binance has changed tack, saying it wants to become a regulated business. The company's chief up until recently took pride in having no official headquarters. told me that he met SBF around this time, at a Binance event in Singapore. Previously, Binance was notorious for its tendency to operate independently of local regulations. Binance CEO, said in a press release posted to the company's blog. In response to a tweet from CNBC, Binance CEO Changpeng Zhao said the company is "not shunned elsewhere" and that there's "more to come." In Singapore, it limited its service after the country's central bank warned it may be in violation of local payment laws. In the U.K., regulators placed restrictions on the firm, barring it from undertaking any regulated activity. Teng initially joined Binance as CEO of the Singapore business, and quickly rose through the ranks during a turbulent period in the digital assets sector. ![]() It has launched new fiat-to-crypto exchanges in countries such as Australia, Uganda, Lichtenstein and Jersey and has plans for one in Argentina, as well. Personal Loans for 670 Credit Score or Lowerīinance has been pushing into the Middle East market after getting a frosty reception elsewhere. As it has promised to do, the Binance cryptocurrency exchange continues to push across the globe. Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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