Cryptocurrency exchange Coinbase (COIN.O) is considering the UAE as a potential international hub.
Coinbase CEO Brian Armstrong said the U.S. is lagging behind in regulation and the UAE is a regional leader in cryptocurrency. We will expand our business wherever the law allows, and the crypto economy needs to absorb more capital.
As previously reported, Armstrong called the dispute with the SEC an opportunity for clarification and that Coinbase will not leave the United States.