TechFlow News — On November 5, according to Caixin, CZ, after being spotted at Binance Blockchain Week in Dubai, UAE at the end of October, appeared again on November 3 in Bahrain, another Middle Eastern country. He told reporters that before obtaining the Virtual Asset Service Provider (VASP) license from Dubai, Binance first secured a similar license in Bahrain, among the member states of the Gulf Cooperation Council (GCC).
While attending the second Gateway Gulf Investment Forum in Bahrain, CZ said: "Many people don't know the good here." As a nation equally crypto-friendly, Bahrain remains relatively under the radar. After receiving a Crypto Asset Service Provider license granted by the Central Bank of Bahrain (CBB), Binance also obtained approval from the CBB for a banking license, enabling it to directly establish fiat on- and off-ramps locally.
CZ added that he is aware Hong Kong peers are actively exploring RWA (real-world assets), but given the relatively low price volatility of real-world assets, it is difficult to generate sufficient trading volume in secondary markets, leading to liquidity erosion over time. The space awaits innovators who can propose use cases that truly bring liquidity.
In addition, CZ expressed strong optimism about investment opportunities in the Middle East, focusing not only on blockchain investments but also strategically expanding into AI, biotechnology, and other sectors across GCC countries.
