The billionaire founders of Gemini, Cameron and Tyler Winklevoss, are considering Abu Dhabi and Dubai as potential Middle East hubs for their crypto exchange.
They are set to apply for a virtual asset licence in the UAE and have been encouraged by their conversations with regulators. The UAE has emerged as a global centre for virtual assets, with Dubai adopting the Dubai Virtual Asset Regulation Law last year to create a legal framework to protect investors.
The Winklevoss twins are on a world tour to meet financial regulators and crypto stakeholders, with plans to make Gemini a global company.
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