Coinbase CEO, Crypto Executives Praise UAE's Crypto Regulations


Published May 08, 2023 02:30PM ET

Coinbase CEO, Crypto Executives Praise UAE's Crypto Regulations

  • Coinbase (NASDAQ:COIN)'s CEO applauded the UAE for its clear rules for crypto.
  • Other blockchain executives joined Armstrong in his praise of the country.
  • Crypto supporters believe the USA could be left behind due to its harsh regulations.
The United Arab Emirates (UAE) has made significant efforts to boost its image as a hub for technological innovation. Despite its less-than-stellar record on human rights and freedom, the country has attracted industry support.

According to the latest remarks by blockchain executives, they have successfully convinced at least some of them.

Crypto Executives Echo Armstrong’s Praise of UAE/h2

On Monday, May 8, during his visit to the country, Coinbase CEO Brian Armstrong applauded the UAE for its “forward-thinking” stance on crypto. Armstrong highlighted the country’s clear and business-friendly rules. At the same...

Continue Reading on DailyCoin

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
Saving Changes