Binance Abu Dhabi’s Longman discusses UAE’s crypto boom
Dominic Longman, the senior executive officer of Binance Abu Dhabi, shared insights on the United Arab Emirates’ burgeoning digital assets landscape in an interview with Forkast’s Maha Shah. Amid a global backdrop of increased regulatory scrutiny, Longman clarifies the distinctions between various Binance entities. and the ongoing developments in the UAE’s crypto scene. Longman discussed the country’s unique regulatory approach, including innovation support provided by state entities, signifying a promising future for crypto in the region.
From a regulatory standpoint, you’ve got a huge amount of activity over the past number of years. There has always been a really strong focus on the crypto community way back from 2016 onwards, and it’s accelerating because you’ve got government support, and a huge amount of focus on this space just because it’s a growth area. Longman: It’s important to clarify that Binance.US is a separate business. Binance Abu Dhabi is a separate entity focused on providing custody services to institutional clients. We have always been committed to meeting regulatory requirements. We got the license back in November, and we’re now working with the regulator to get it live.
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