- Binance CEO notes growing interest in UAE and Bahrain among crypto enthusiasts.
- The crypto community debates the favorable regulations in the Middle East compared to the US.
- One user encourages CZ to acknowledge Nigeria’s strong presence in the crypto scene.
Changpeng Zhao (CZ), the CEO of Binance, recently shared his observation on the X platform about the trend of individuals involved in the crypto industry. According to CZ, crypto enthusiasts tend to gravitate towards the United Arab Emirates (UAE) and Bahrain.
CZ noted that the trend has caught his attention. In his words, “It feels like every crypto guy I know is in UAE or Bahrain.”
It feels like every crypto guy I know are in UAE or Bahrain— CZ Binance (@cz_binance) October 15, 2023
Zhao’s sentiment elicited various reactions from the crypto community. Some commenters opined that the appeal of the UAE and Bahrain is largely attributed to their crypto-friendly policies and active adoption of digital currencies. They believe the favorable regulatory climate of the Middle Eastern destinations makes them a welcoming environment for more crypto enthusiasts.
Meanwhile, amid the appeal of the…
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