The company is exploring the UAE transformative potential of the cryptoeconomy
The United Arab Emirates could become Coinbase’s new hub in realising its international expansion strategy.
“The country serves as a particularly strategic bridge between Asia and Europe – two of our existing focus international regions to date,” reads the company’s blog.
The statement comes amid Brian Armstrong’s, Coinbase CEO, and other top managers’ visit to the UAE, where they expect to meet local regulators and discuss potential co-operation. Armstrong will also take part in Dubai Fintech Summit as one of the key speakers.
“The UAE deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far,” posted Armstrong in his Twitter account.
The visit coincides with a period of heightened tension between the exchange and SEC. In
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