The Middle East already has a crypto hub, and it's not Dubai
CNN
When the world's biggest cryptocurrency exchange Binance decided to set up an advisory body in Dubai, local bitcoin enthusiasts celebrated. But Binance isn't even licensed as an exchange in Dubai. It's awaiting final approval for a license in a neighboring country.
The crypto exchange's CEO Changpeng "CZ" Zhao — recently ranked as one of the richest people on earth —even tweeted a photo of himself in a traditional white Emirati robe, the kandura, captioning it with an emoji of the Emirati flag.
But despite Dubai's efforts, the emerging regional crypto hub is not in the United Arab Emirates.
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