Cryptocurrency exchange giant Binance today announced that it has signed a Memorandum of Understanding with the Dubai World Trade Centre Authority (DWTCA) to “outline the vision of accelerating the set-up of a new industry hub for global virtual assets.”
“With the MoU, Binance will help advance Dubai’s commitment to establishing a new international Virtual Asset ecosystem that will generate long-term economic growth through digital innovation,” the company explained.
#Binance signs agreement with Dubai World Trade Centre Authority to establish an industry hub for global virtual assets.https://t.co/XtR1qfM20w
— Binance (@binance) December 21, 2021
The agreement comes just a day after the DWTCA had revealed its plans to become a “comprehensive zone and regulator for virtual assets and crypto.”
As part of this initiative, the DWTCA wants an “attractive environment” for the cryptocurrency sector by working in tandem with private companies and other “relevant entitie
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