![]() But the region is opening its doors to the loosely regulated world of crypto at an awkward time - the UAE was recently placed on a " gray list" by the Financial Action Task Force, a global money laundering watchdog. Several crypto companies, including and FTX, are looking to Gulf states like the UAE as a destination to set up shop. ![]() The firm is currently evaluating where to establish its main office. ![]() However, in response to pressure from global regulators, Binance has changed tack, saying it wants to become a regulated business. The company's chief up until recently took pride in having no official headquarters. Previously, Binance was notorious for its tendency to operate independently of local regulations. In response to a tweet from CNBC, Binance CEO Changpeng Zhao said the company is "not shunned elsewhere" and that there's "more to come." Binance Singapore announced that it has recruited Richard Teng as its new Chief Executive Officer, effective from August 2021. Fiat-to-crypto trading platform Binance has today announced the appointment of Richard Teng former chief executive officer (CEO) of Financial Services Regulatory Authority at Abu Dhabi Global. In Singapore, it limited its service after the country's central bank warned it may be in violation of local payment laws. In the U.K., regulators placed restrictions on the firm, barring it from undertaking any regulated activity. Personal Loans for 670 Credit Score or Lowerīinance has been pushing into the Middle East market after getting a frosty reception elsewhere. Personal Loans for 580 Credit Score or Lower The US Securities and Exchange Commission (SEC) filed 13 charges against Binance, the worlds largest centralized cryptocurrency exchange platform by trading volume, and. Best Debt Consolidation Loans for Bad Credit
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