Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the United Arab Emirates (UAE) and is helping to shape Dubai's new virtual assets' regulations, its regional head said.
Binance's links with the Gulf state have deepened in recent months as the UAE tries to style itself as the world's new digital assets hub and develops regulation.
The UAE in March was put on a 'grey list' of jurisdictions under increased monitoring by financial crime watchdog the Financial Action Task Force .Binance, since its founding in 2017, has faced scrutiny from governments and financial watchdogs assessing the wider cryptocurrency industry which had thrived in a mostly unregulated environment.
The firm is currently recruiting for more than 100 UAE positions, Teng said and LinkedIn vacancies show, after being licensed by Dubai's new virtual assets regulator this month. "Definitely Dubai is a very important hub that we are looking at to consider different options going forward," he said, adding "internal deliberations" continued about where Binance's base would be.
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