CZ: Encourage practitioners to explore more in Dubai, Abu Dhabi, Bahrain

Odaily Planet Daily News CZ said at the ongoing Binance AMA that Dubai, Abu Dhabi, and Bahrain are all more friendly to the encryption industry, and practitioners are encouraged to explore these three regions more. CZ said that regulators in Dubai have farsightedly set up a dedicated encryption supervision department. In the past two years, Binance and Dubai have conducted detailed exchanges on registration and compliance. In Bahrain, the central bank is responsible for the regulation of cryptocurrencies. Therefore, it is easier for the cryptocurrency industry to obtain support and cooperation from local banks. In Abu Dhabi, Binance has a custody license. All three regions mentioned above are very friendly and progressive towards cryptocurrency. CZ said that Binance has rich experience in dealing with regulatory agencies, and found that regulators in the above-mentioned regions will quickly respond to relevant questions and help advance progress. "I encourage people to explore these three areas more," CZ said.