Coinbase CEO Acknowledges UAE’s Creditworthiness

Coinbase CEO Acknowledges UAE’s Impressive Crypto Growth Potential.

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.

— Brian Armstrong (@brian_armstrong) May 8, 2023

In a tweet, Brian Armstrong highlights the United Arab Emirates (UAE) as a country with well-defined crypto regulations that benefit both businesses and users. The executive team of Coinbase is currently visiting the UAE to engage with policymakers, regulators, partners, web3/crypto founders, and clients in collaborative efforts.

The United Arab Emirates (UAE) serves as a central hub for cryptocurrency in the Middle East, Africa, and South Asian regions, which Coinbase recognizes as a strategic advantage. As time progresses, the UAE witnesses a rapid surge in the availability of blockchain-related products, showcasing exponential growth in the industry.

Coinbase CEO, Brian Armstrong and his executive team are on a tour to the UAE to collaborate with various stakeholders including policymakers, regulators, partners, web3/crypto founders, and clients. The team has been impressed by the UAE’s clear crypto regulations that are beneficial for business providers and users. The UAE is a strategic hub for Coinbase as it is the crypto hub for the Middle East, African, and South Asian regions. The team’s agenda includes the Dubai Fintech Summit and meetings with Abu Dhabi Global Market (ADGM), and Dubai’s Virtual Assets Regulatory Authority (VARA). Coinbase aims to achieve its goal of having 1 billion global crypto users with the UAE’s help.