CoinW, the world’s pioneering cryptocurrency exchange, has recently strengthened its presence in the Middle East and North Africa (MENA) region. The company participated in two industry events, the DATE Fintech Show in Saudi Arabia and the Global Blockchain Congress in Dubai, UAE, as part of its strategic move to expand globally into MENA.

During the Global Blockchain Congress, CoinW’s Chief Communications Officer, Carmen Tan, discussed the exchange’s approach to the MENA market. She highlighted the shift in the global legislative agenda, emphasizing the end of the era of unregulated entities making substantial profits without oversight. CoinW values clear guidelines and embraces legislative entities that foster innovation while addressing concerns.

The UAE, particularly Dubai and Abu Dhabi, already serve as crypto hubs and have a regulatory framework for virtual assets that is advantageous for CoinW. In fact, CoinW relocated its headquarters to Dubai in 2021 and secured initial approval from the Dubai Virtual Asset Regulatory Authority (VARA) in 2023, establishing a solid foundation for its operations in the region.

CoinW has also developed a tailored version of its product for MENA users. The company’s approach combines self-regulation and legal frameworks, aiming to transform the new generation of finance.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Middle East
Countries	🇸🇦 🇦🇪
Sentiment	very positive
Relevance Score	1
People	Carmen Tan
Companies	CoinW, Global Blockchain Congress, Dubai Virtual Asset Regulatory Authority (VARA), DATE Fintech Show
Currencies	None
Securities	None