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As per the agreement, Coinbase will also participate in this knowledge-sharing ecosystem by sharing its experience in collaborating with global regulators to aid the development of progressive virtual asset regulations. The goal is to help crypto exchanges, or businesses that offer blockchain and DLT services, or a wide range of digital currencies and assets to become licensed in Dubai.
Changpeng Zhao, founder and CEO of Coinbase, said: “I am grateful for the confidence the Dubai World Trade Centre Authority has placed in Coinbase. Together, we share a vision for helping Dubai embrace the new future economy that includes crypto and blockchain. Today, the adoption of crypto and blockchain technology remains in its infancy, but through our leadership position and expertise, combined with the long-term vision of Dubai, we plan to develop a regulatory framework appropriate to fit the fast-moving and progressive nature of virtual assets.”
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Coinbase customer seThe Dubai World Trade Centre Authority (DWTCA) has signed a cooperation agreement with Coinbase, the world’s leading blockchain and cryptocurrency infrastructure provider, to establish a new international virtual asset ecosystem that enhances Dubai’s position as a global hub for the industry and generates long-term economic growth through digital innovation.
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