Middle East regulatory clarity drives crypto industry growth — Binance FZE head

” Chehade believes that regulators in other jurisdictions have not quite figured out or taken the time to find out the ins and outs of the cryptocurrency landscape, or simply lack the “bandwidth” to begin regulative the sector:” So youre seeing events like GITEX and Future Blockchain Summit as well as worldwide business coming here since its simple to do business. Cointelegraphs Ezra Reguerra in discussion with Chehade at Future Blockchain Summit in Dubai.Chehade also highlighted Binances role as a catalyst of sorts for Web3 companies and start-ups to become developed in the region. He includes that Binance FZE has been operating as a controlled exchange in Dubai for a half and a year and is segregated from the rest of its international operations with ring-fenced custody and operations.Related: Dubai tempts AI, Web3 enterprises with 90% subsidized business licensesIn a previous interview with Cointelegraph at the Blockchain Economy Dubai Summit, Akshay Chopra, Visas vice president, and head of innovation and design, echoed Chehades beliefs regarding the regions progressive regulative outlook.As a board member of the MENA Fintech Association, Chopra highlighted the “forward-looking and inclusive view of blockchain and crypto solutions” as a crucial motorist of growth for the sector in the region:” Regulators are really looking forward and working with the regional blockchain community, institutions, startups, entrepreneurs to come up with a very inclusive viewpoint on what is the future and how can we be finest placed both as a market and as a regulator.

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