Crypto Companies Flock to Middle East Seeking Regulatory Clarity
-
Major crypto exchanges and businesses moving to progressive regulatory regimes in UAE, Dubai and Bahrain.
-
Binance FZE head Alex Chehade says regulatory certainty and clarity in Middle East a major draw.
-
Chehade notes regulators in other jurisdictions lack crypto understanding or bandwidth to regulate.
-
Binance playing role as ecosystem enabler and employs 600 staff in Dubai operation.
-
Research shows MENA is fastest growing crypto market; $566 billion in transactions from July 2021 to June 2022.
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-10/cc99d278-fde7-434b-945d-58e2b5235298.jpg)