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UAE looks to attract Asian firms to bolster crypto credentials
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livemint.comThe United Arab Emirates is in talks with Asian firms who want to relocate to the Gulf nation, as part of efforts to transform itself into a hub for cryptocurrencies.
“We’ve seen multinational firms right now waiting to relocate out of east Asia," Ahmad Belhoul Al Falasi, minister of state for entrepreneurship and SMEs, said in an interview with Bloomberg TV. The government is in talks with “several" firms eyeing a base in the UAE given tougher regulations elsewhere and given the country’s resilience through the pandemic, he said.
Binance Holdings Ltd. has held discussions with regulators in the UAE about a potential headquarters in the Gulf nation, Bloomberg reported last week. “Stay tuned," Al Falasi said, when asked about Binance’s
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