Cryptocurrency trading platform Binance has recently opened more than 100 job openings at its UAE office since it received a license from the country’s watchdog to offer its services to local residents in Dubai, Reuters reports quoting Richard Teng, the head of the regional division of the platform.
According to the company, the regional branch in Dubai will operate in the Middle East and North Africa, however, it has not been reported whether they plan to make it the regional headquarters of the exchange.
Teng has highlighted that the crypto trading platform is looking forward to “working very closely with the government of Dubai.”
The UAE was included earlier this month in the FATF “grey list” due to too the weak regulation of the crypto industry. However, Teng assured the agency Binance strictly complies with international standards of AML legislation and KYC procedures.
