Binance and Dubai World Trade Centre (DWTC)

On December 20, 2021, Binance, the world’s leading blockchain and crypto asset infrastructure provider, signed a cooperation agreement with the Dubai World Trade Center Authority (DWTCA) to jointly promote the establishment of a new international crypto asset ecosystem in Dubai. Leading the sustainable growth of the economy through digital innovation.

Dubai is a global technology leader and the first central city for global crypto assets and blockchain services. Dubai will continue to support entrepreneurship, increase market confidence, and accelerate the pace of investment.

Dubai intends to formulate world-class regulatory and legislative guidelines in order to strike a balance between value creation and risk mitigation, to ensure the safety of funds for disadvantaged groups in society, and to promote the global popularization of encrypted assets. The realization of these goals requires a comprehensive crypto-asset ecosystem framework.

As a leading blockchain and encrypted asset ecosystem, Binance signed this landmark agreement, highlighting its firm confidence in Dubai’s future-oriented and powerful measures to lead new development trends in the global economy.

The Dubai World Trade Center Authority stated: “Dubai’s new crypto asset center will connect service providers, technology vendors, and the government to jointly create a new generation of crypto asset industry economic ecology. We are the first to adopt a trial-adjustment-scale model, hoping to quickly Gain safer, more equal and more sustainable growth opportunities, and realize the vision of building an inclusive digital society in Dubai.”

Changpeng Zhao (CZ), the founder and CEO of Binance, said: “Thank you Dubai World Trade Center Authority for trusting Binance. We have a common vision to help Dubai integrate into the future represented by crypto assets and blockchain. At present, the development of encrypted assets and blockchain is still in its early stage, but we hope that through our leadership and professional capabilities, combined with Dubai’s long-term vision, we can jointly develop a set that is compatible with the many changes and rapid development of encrypted assets. Regulatory framework.”

Binance will also join the knowledge-sharing ecosystem and share its experience in cooperating with global regulators to promote the development of crypto asset supervision to help crypto asset trading platforms, blockchain and DLT service companies, as well as various cryptocurrencies and digital assets in Dubai Obtain operating permits.

Go to Binance Official Website

About Binance

Binance is the world’s leading blockchain and encrypted asset infrastructure provider, with a series of financial products, including the digital asset trading platform with the highest transaction volume. Binance is trusted by millions of users around the world, is committed to promoting the free flow of currency, and has launched a series of powerful crypto asset products, including: trading and finance, education, data and research, social welfare, investment and incubation, decentralization Centralization and infrastructure solutions, etc.

About the Dubai World Trade Center Authority (DWTCA)

The Dubai World Trade Center Authority was established in 2015 to provide a unique and compliant ecosystem for companies seeking local and international development opportunities. The DWTCA Free Trade Zone is located in Dubai’s Central Business District. It has a superior strategic location and provides an ideal environment for start-ups, small and medium-sized enterprises and international enterprises, and it can also connect with the international market while laying a solid foundation. The DWTCA Free Trade Zone has world-class business infrastructure such as Dubai World Trade Center and One Central, which can provide first-class infrastructure and excellent services to enterprises in various industries.

Visit Binance Official Website