The consortium of digital and fintech companies partnering with Binance area said to have access to more than 170 million consumers in the world’s fourth most populous country.
Dubai is regarded as one of the potential locations for Binance’s global headquarters, along with France.
The company said that its operations in the city-state will now become a blockchain innovation hub with initiatives that include incubation programs, blockchain education and investments
In late 2020, the SEC asked Binance.US for detailed information on its business, including who is in control of users’ digital wallets, where cryptocurrencies are stored, and details of Binance.US’s agreements with Binance Holdings.
