Richard Teng, CEO of Binance, recently highlighted Dubai's enduring commitment to emerging technologies, emphasizing the country's long-term strategic approach.
Teng shared photos from a meeting with UAE Minister H.E. Omar Al Olama, describing the minister's message as "powerful." He credited the UAE's "forward-thinking, fundamentals-first approach since 2015" for its emergence as a global hub for innovation.
A powerful message from His Excellency Omar Al Olama.
— Richard Teng (@_RichardTeng) December 3, 2025
The UAE's forward-thinking, fundamentals-first approach since 2015 is why we're a global hub today.
It's not just about adopting tech (blockchain, crypto, AI), but about building real resilience and value for the future. pic.twitter.com/SkMjLPuDFN
UAE Maintains Consistent Digital Strategy
During his participation in Binance Blockchain Week, Al Olama asserted that the UAE's digital asset strategy remains unwavering.
He stated, "Our stance has not and will not change," reinforcing the nation's view of blockchain and digital assets as integral components of its long-term economic development plan.
Al Olama used an analogy to illustrate the UAE's proactive mindset: while a child in the desert might envision new constructions, a child in the forest might appreciate existing structures. He explained that the UAE consistently focuses on pioneering future advancements.
He also noted that the UAE established one of the world's earliest crypto councils in 2015, predating widespread global adoption of the sector.
Industry Leaders Applaud UAE's Strategic Clarity
In a separate discussion, Fadi Ghandour, founder of Aramex and Executive Chairman of Wamda Capital, commended the UAE for cultivating a stable environment conducive to innovation. He highlighted that the country's approach provides entrepreneurs and investors with a rare commodity in emerging industries: predictability.
Ghandour remarked, "In this country, crypto is just one piece of the puzzle," explaining that the UAE's overarching future-oriented plan simplifies the development of digital asset ventures.
He drew a parallel between the UAE's long-term strategic planning and the way founders present a clear vision and roadmap to investors.
New Regulations Enhance the Framework
These developments coincide with the UAE's implementation of a new central bank law, integrating digital assets and decentralized finance (DeFi) into the nation's traditional financial system.
Under the new framework, all crypto businesses operating within or from the UAE are now required to obtain a license from the Central Bank of the UAE (CBUAE). Non-compliance can result in fines of up to 1 billion dirhams ($272 million).
The UAE's ongoing efforts to establish a robust infrastructure signal a positive outlook for the cryptocurrency industry.
Frequently Asked Questions
Binance Blockchain Week is the flagship worldwide Web3 conference hosted by Binance, uniting crypto enthusiasts, innovators, leaders, builders, regulators, and investors for two days of keynotes, panels, workshops, and networking on Bitcoin, DeFi, stablecoins, law, Web3 infrastructure, and payments.
The UAE and Dubai offer clear, long-term regulations and strong government support, establishing them as prime destinations for global crypto builders.
Dubai boasts a crypto ownership rate of 25.3%, positioning it as one of the regions with the highest adoption globally.
Dubai employs stringent licensing under the Virtual Assets Regulatory Authority (VARA) and new central bank regulations, ensuring secure and transparent operations for all crypto businesses.