52 mins ago | 2 mins read
Exchange News- Coinbase’s CEO made a positive remark about the nation’s crypto growth potential.
- The exchange seeks to attain the goal of 1 billion global crypto users with the UAE’s help.
United Arab Emirates (UAE) country has again impressed a well-known crypto market person. Coinbase’s CEO, Brian Armstrong, made a positive remark about the nation’s crypto growth potential.
The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far.
— Brian Armstrong 🛡️ (@brian_armstrong) May 8, 2023
In his tweet, Brian mentions the UAE as a country with clear crypto regulations that are beneficial for both business providers and users. The executive team of the Coinbase crypto exchange is on a UAE tour to collaborate with various “policymakers, regulators, partners, web3/crypto founders, and clients”.
The UAE is the crypto hub for the Middle East, African, and South Asian regions, and Coinbase considers it a strategic hub. The number of blockchain-related products is increasing exponentially as time moves forward.
This specific Coinbase trip covers the agenda of the Dubai Fintech Summit, and meets with Abu Dhabi Global Market (ADGM), Dubai’s Virtual Assets Regulatory Authority (VARA). The platform seeks to attain the goal of 1 billion global crypto users with the UAE’s help.
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Source: https://thenewscrypto.com/coinbase-news-uae-gains-credit-from-coinbase-ceo/