The Binance exchange has opened more than 100 vacancies at its UAE office after obtaining a license to operate in Dubai. Reuters reported, citing Richard Teng, head of the platform’s regional unit.
The Dubai office will serve the Middle East and North Africa, though it is unclear whether it will be made the exchange’s regional headquarters. Teng stressed that Binance is pleased to have the opportunity to work “very closely with the Dubai government”.
As reporters noted, in March the UAE was placed on the FATF grey list for the crypto industry’s weak regulation. Teng, for his part, assured the agency that Binance complies with international anti-money-laundering standards and KYC procedures.
Back in November 2021, it was reported that Binance founder and chief Changpeng Zhao bought an apartment in Dubai.
In mid-March the exchange received a license to provide cryptocurrency services. Not long before that, in the UAE, adopted the digital assets law and created a state regulator for the sector.
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