Gemini Exchange Sets Sights on UAE: Initiates Crypto License Application
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Gemini Exchange has announced plans to expand into the United Arab Emirates (UAE). The company is set to begin the process of acquiring a crypto license to serve customers in the UAE, a region rapidly becoming a significant hub for cryptocurrency. Gemini aims to meet the needs of this vibrant crypto community and found a high intent to purchase crypto in the region, even among non-owners. This move is part of Gemini’s initiative to become a truly global company, providing customers with a safe, secure, and user-friendly platform to interact with crypto. “Amazing awaits,” the company says.
Binance CEO Sets Sights on UAE and Hong Kong Expansion
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In a highly anticipated Twitter Ask Me Anything (AMA) session, Binance CEO Changpeng “CZ” Zhao provided exclusive insights that shed light on Binance’s future endeavors, its approach to Bitcoin mining, and the regulatory landscape in the crypto industry. Here’s what you need to know:
We're live on Twitter Spaces with @cz_binance!
Have a question for him?
Tune in and raise your hand to ask https://t.co/zNnAgdrP9L
— Binance (@binance) May 31, 2023
- Ambitious Expansion Strategy: Binance is set to expand its global footprint with plans to establish a stronger presence in the United Arab Emirates (UAE) and Hong Kong. Recognizing the UAE’s crypto-friendly regulators, Binance aims to drive crypto adoption in the country. Simultaneously, in Hong Kong, Binance is positioning itself as a key player in the city’s vision to become a prominent crypto hub.
- Binance’s Stance on Bitcoin Mining: While emphasizing the importance of mining for the overall ecosystem, CZ clarified that Binance does not have immediate plans to engage in Bitcoin or crypto mining. Instead, they remain committed to their mining pool, which enables miners to participate securely.
- Regulatory Challenges and Insights: CZ expressed concerns over the regulatory challenges faced by the crypto industry, particularly in the United States and India. He stressed the need for clear and comprehensive regulations to provide certainty and foster innovation. CZ highlighted the significance of collaboration between regulators, industry leaders, and the crypto community to establish a balanced and conducive environment for growth.
- Cautionary Words on Meme Coins: CZ advised caution when investing in meme coins, urging individuals to conduct thorough research before making any investment decisions. Binance’s commitment to due diligence ensures that only projects meeting stringent criteria are listed on its platform.
- Community Engagement: The AMA session showcased Binance’s commitment to transparency and community engagement. CZ actively responded to questions from participants, creating an interactive environment that fostered meaningful discussions and knowledge-sharing.
The interactive nature of the AMA session allowed participants to actively engage with CZ, asking thought-provoking questions and receiving direct responses. The crypto community had the opportunity to gain deeper insights into Binance’s strategic plans, voice concerns, and seek clarification on pressing issues. CZ’s dedication to engaging with the community reflects Binance’s commitment to transparency and open dialogue, strengthening trust and fostering an inclusive ecosystem for all crypto enthusiasts.
BudBlockz Sets Sights on Ethereum and Binance Coin After Successful Private Sale
BudBlockz’s private sale of its native coin was a great success confirming the strong demand for the pioneer crypto cannabis project. The sale of more than 30% of the tokens allocated to private investors in under five days affirmed the market readiness for a project ready to revolutionize the crypto space.
BudBlockz Successful Private Sales
The strong demand at the private sale demonstrates the viability of BudBlockz, given its use case and value proposition in the cannabis and cryptocurrency sector. Investors acknowledging its use case is expected to be a key driver that should allow the project to reach the heights reached by previous projects such as Ethereum and Binance Coin.
The fast start with investors buying more than a third of the allocated tokens echoes similar success echoed by the likes of Decentraland and STEPN tokens that ended up being successes post-launch
The private sale of the BLUNT token was available at a 30% discount, with the token going for $0.015. The strong demand came despite the growing fear in the sector. Established tokens imploding in recent months owing to the broader market collapse seem not to have affected investors sentiments on the cannabis crypto project.
The tremendous success had everything to do with BudBlockz making the private sale less exclusive and thus open to the masses. Furthermore, the sale was open to anyone with an ERC20 compatible wallet, signaling BudBlockz is for everyone and not an exclusive clique of investors, as has always been the case with other projects.
Following the private sale, BudBlockz has already set itself up for tremendous success in taking advantage of the recreational cannabis industry’s growing maturity. Instead of turning to ATMs to enable the sale of the network’s native currency BLUNT, BudBlockz is already working on its own point-of-sale presence. The network is to complement other payment options without imposing too many costs on customers and retailers.
The capital raised through the private sale leaves BudBlockz in a solid financial position while establishing strong relationships with investors expected to contribute to its development. Additionally, the pre-sale should create a strong and resilient user community as BudBlockz seeks to transform the $200 billion cannabis sector through cryptocurrency.
Contrary to perception, BLUNT going on sale at a discount is not a giveaway. Instead, it is an invitation to be part of a project in its early stages of growth. The BLUNT token is on course to take advantage of the booming recreational cannabis market and consequently generate significant value for shareholders down the line.
Funds from the presale should go a long way in supporting marketplace development for asset-backed NFTs that BudBlockz is working on. The marketplace should allow BudBlockz to support other cannabis-related companies and products while enhancing BLUNT token use.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz