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Ripple's MENA Managing Director compares UAE and US regulatory environments.

Ripple's decision to expand its presence in Dubai by opening a new regional office in the Dubai International Financial Center has sparked reactions from the crypto community, with some speculating that the company may be planning to move out of the United States. Navin Gupta, Ripple's South Asia and MENA Managing Director, compared the regulatory environment for crypto in the Middle East and North Africa (MENA) to that of the US in a recent interview with CoinDesk TV. Gupta praised UAE regulators for being more open and friendly, making it easier for crypto-related companies to have meaningful dialogue with them and quickly mobilize team members. Other top stakeholders, including Coinbase CEO Brian Armstrong, have also praised UAE regulators for being forward-thinking with crypto and creating an enabling environment for crypto businesses.

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