Cryptocurrency exchange Gemini is reportedly gearing up to obtain a crypto licence to operate in the UAE, marking a key step in their global expansion strategy. This move aligns with UAE’s efforts to establish itself as a hub for digital asset businesses amidst rising economic competition in the region. However, the commencement date is yet to be announced. Despite recent industry setbacks, Gemini launched a derivative platform for trading perpetual futures outside of US jurisdiction in May.
Source: https://www.reuters.com
