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.