Binance Blockchain Week 2024, which stood out as the biggest event until Binance's launch, started in #Dubai .
The event, which was attended by more than 200 players, gave important messages about the future of the blockchain world. While the continuity of growth in the sector was emphasized with the main theme of "Momentum", the leader focused on critical foundations for the development of the ecosystem.
"Dubai Has Become a Worldwide Technology Hub" Dubai Future Foundation CEO Khalfan Belhoul stated that Dubai was perceived as a complex region twenty years ago, but today it is recognized as a technology hub. Belhoul emphasized that Dubai's leaders are shaped by a vision that does not shy away from taking risks, and said, "It does not yet have a clear definition in the Web3 world, but beliefs such as privacy, security and interoperability are at the forefront." He added that new opportunities offered by the integration of Web3 and artificial intelligence.
"Dubai Maintains Global Leadership in Blockchain" Dubai Blockchain Center CEO Dr. Marwan Alzarouni stated that blockchain is accepted as a mainstream technology in Dubai, and said, "We were investing early in this area and we are moving forward with the right business partners." Alzarouni stated that Dubai itself is not compared to other regions, only its own development, and that it is much more locally managed in blockchain than it was a year ago. "Regulation is a must for blockchain to continue to go mainstream," he added.
"El Salvador Aims to Become a Digital Asset Center" El Salvador National Digital Asset Commission President JC Reyes announced that El Salvador aims to become a digital asset and crypto center with President Bukele's vision. Reyes expressed the creation of a summarized framework to support this analysis of the country. "Regulators have to use electric vehicles; Old regulation methods do not exist here," he said, emphasizing the increase in education and knowledge.
"Change and Licensing are Necessary for Crypto" SGB CEO Shawn Chan stated that the most important issue in the sector is regulation and licensing. Chan said, "There will be more opportunities for institutionalization in these frameworks," and said that payment systems and stablecoins play a critical role in the growth growth.
“Preparations for a Billion New Users Continue” Binance CTO Rohit Wad said that Binance is accelerating its pace to reach the next billion users. Wad said, “We will achieve this goal with KYC, AI-supported infrastructure and innovation-focused products,” and emphasized that Binance will comply with 30 different regulatory frameworks in 20 countries.
“Crypto Projects Should Be Built with the Community” 1kx Partner Diana Biggs stated that compliance with crypto’s variable regulations and the true value of the bear market has emerged. “Building with the community is very important,” Biggs said, emphasizing the collaborative multiplication of parts from parts.
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