UAE: Binance starts recruitment drive in Dubai
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.
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 regulations. The UAE in March was put on a ‘grey list’ of jurisdictions under increased monitoring by financial crime watchdog the Financial Action Task Force (FATF).
Dubai, one of the UAE’s seven emirates and the region’s trade hub, in March issued its first digital assets law and formed the Virtual Asset Regulatory Authority (VARA). It recently licensed Binance and fellow global heavyweight FTX Europe and companies such as crypto.com are setting up offices.
