Coinbase CEO Brian Armstrong has praised the United Arab Emirates (UAE) for its forward-thinking approach to cryptocurrency regulation. In a recent tweet, Armstrong commended the UAE for being the first country to have a dedicated crypto regulator, publishing a clear rule book, and creating a business-friendly environment with strong customer protections.
Armstrong’s comments come amid the ongoing crypto crackdown by the Securities and Exchange Commission (SEC) and speculations that Coinbase may be eyeing a move to the Middle East.
The UAE has attracted many crypto companies with favorable regulations and a business-friendly environment. In February, the Central Bank of the UAE announced plans to launch a digital currency, which could further boost the country’s crypto industry.
Is Coinbase Moving To The UAE?
The UAE’s positive stance towards cryptocurrency has been reflected in its regulatory approach. In 2019, the UAE’s…
