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Coinbase Executives Meet with UAE Industry Leaders and Policymakers to Discuss Expansion Potential

Coinbase executives, including CEO Brian Armstrong, are in the United Arab Emirates to discuss the potential for the country to become a strategic hub for the crypto exchange. The company is working with regulators in Abu Dhabi and Dubai to potentially expand into the region. Armstrong spoke at the Dubai Fintech Summit and praised the UAE's regulatory clarity, stating that the US is currently behind in this area. Despite potential SEC charges, Coinbase has launched its global derivatives platform and has no plans to move operations outside the US. The UAE has been steadily opening up opportunities for crypto firms and established a legal framework for cryptocurrencies in March 2022.

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