TechFlow News – On December 20, 2021, Binance signed a cooperation agreement with the Dubai World Trade Centre Authority (DWTCA) to jointly promote the establishment of a new international crypto asset ecosystem in Dubai, driving long-term economic growth. As the first global hub city for crypto assets and blockchain services, Dubai aims to develop world-class regulatory and legislative guidelines to build a comprehensive framework for a crypto asset ecosystem. Binance's signing of this agreement reflects confidence in Dubai's forward-looking initiatives and leadership in shaping emerging global economic trends.
Binance founder Changpeng Zhao (CZ) said: "We hope to leverage our leadership and expertise, together with Dubai’s long-term vision, to co-develop a regulatory framework that adapts to the fast-evolving and dynamic nature of crypto assets." The Dubai World Trade Centre Authority stated: "Dubai’s new crypto asset hub will connect service providers, technology firms, and government entities to jointly build the next-generation economic ecosystem for the crypto industry."
