DUBAI, Dec 21 (Reuters) – Cryptocurrency exchange Binance said on Tuesday it had signed a cooperation deal with Dubai World Trade Centre Authority, which is working to set up an international virtual asset ecosystem. The Dubai World Trade Centre (DWTC) said on Monday that it will become a crypto zone and regulator for cryptocurrencies and other virtual assets, as the United Arab Emirates seeks to attract new business amid regional competition. read moreBinance, the world’s biggest cryptocurrency exchange by trading volumes, said in a statement that it intends to assist the development of virtual asset regulations in Dubai. read moreDubai World Trade Centre Authority (DWTCA), a so-called free zone within the UAE, agreed a framework in September allowing it to approve and licence crypto-related financial activities. And in October, Dubai International Financial Centre (DIFC), another Dubai free zone, released the first part of a regulatory framework for digital tokens.

Source: Egypt Independent December 21, 2021 17:38 UTC