The United Arab Emirates (UAE) is quickly establishing itself as a global center for digital currencies. Binance, the world’s largest cryptocurrency exchange by trading volume, is hiring over 100 people in the UAE and is assisting in the development of Dubai’s new virtual asset legislation, according to its regional head.

Many are coming to the UAE, which Zhao Changpeng, co-founder and chief executive officer of Binance, has dubbed the “Wall Street of crypto.” Local bankers, lawyers, and big tech leaders are even considering career changes to cash in on the frenzy. Mr Richard Teng, Binance’s head of Middle East and North Africa, said, “We notice a lot of interest from traditional financial institution workers who want to work for us.”


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