The largest #crypto conference and exhibition in Asia, Crypto Expo Asia, has announced its return to Singapore after a successful inaugural debut in 2022.

Hosted at Marina Bay Sands on June 7 and 8, 2023, the event is expected to be attended by over 10,000 industry leaders and enthusiasts from the global crypto community.

The platform provides a unique opportunity to engage with over 100 crypto companies from over 30 countries, investors, traders, and influencers. Attendees will discuss key trends shaping the global crypto industry, such as artificial intelligence, web3 regulation, #blockchain gaming, and central bank digital currencies.

This year, the expo will also feature a non-fungible token gallery exhibition and new pilot sessions for metaverse-specific events and discussions. Companies interested in participating may apply for early bird packages, and over ten major crypto players, including Coinstore, XS.com, and DTT Group, have already pledged their support.

The expo follows Crypto Expo #Dubai , the premier crypto exhibition in the Middle East, which ran from March 8 to 9, 2023, and is the second crypto event of the HQMENA calendar this year.

Michael Xuan, director of Crypto Expo Asia, expressed his excitement for the event's return, saying, "Events such as Crypto Expo Asia are an integral part of the ecosystem and serve as a catalyst for crypto industry networking and growth."

One of the largest free #trade zones in the world, the Dubai Multi Commodities Centre, struck agreements with South Korean governments and businesses to attract more #Web3 and #Metaverse enterprises to the emirate. The goal of this action is to solidify Dubai's position as the region's leading international #blockchain hub.

Collaboration Between South Korean Organizations And Dubai Free Trade Zone On Web3 And Metaverse

Dubai is attempting to establish itself as a major global centre for decentralized technology. As part of the expansion of Dubai's operations in the Web3 sector, the Dubai Multi Commodities Centre, one of the largest free trade zones in the area, has formed various partnerships with South Korean organizations.

These collaborations were signed by the zone, which is owned by the emirate's government and has more than 20K registered enterprises, as the result of a series of roadshows held in several Korean towns. These Memorandums of Understanding (MoU) were signed with Seongnam City, a significant hub for innovation consortiums, and the Korea Blockchain Industry Promotion Association (KBIPA).

In accordance with these agreements, the Dubai Multi Commodities Centre pledges to assist Korean businesses in establishing themselves on its soil in the Web3 and metaverse sectors. CEO of the Dubai Free Zone Ahmed Bin Sulayem said:

"As we continue to advance our policy of assisting companies in these areas, the signing of these MoUs with KBIPA and Seongnam City is timely. We are honored to support the robust and enduring trade ties between South Korea and the United Arab Emirates."

Metaverse History

Dubai has been one of the first emirates to rally to use the technology as part of a structured governance approach, even if interest in and funding for the metaverse appear to be diminishing. The emirate established a metaverse task team in May 2022 with the goal of encouraging the development of a regional economy centered in the metaverse.

In July of last year, the emirate finally developed its metaverse strategy, anticipating that the industry would bring in $4 billion by 2030, draw 4,000 more businesses, and produce 40,000 new employment by 2025.

In July, it was reported that #Dubai was looking to move some of its offices into the metaverse so that government agencies and ministries could carry out their functions online.

#Binance , one of the largest cryptocurrency exchanges in the world, has become the first exchange to receive an Operational Minimum Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA).

Binance Has Received Another License in #Dubai

This license allows Binance to offer regulated virtual asset services in Dubai while adhering to VARA's investor protection and market assurance standards.

With the Operational MVP license in hand, Binance's Dubai subsidiary Binance FZE will now be able to offer exchange and broker-dealer services in the region and initially serve institutional and qualified retail investors.

September March 2022 and September 2022, Binance received a provisional MVP license, further solidifying the exchange's commitment to operating within Dubai's regulatory framework for Virtual Asset Service Providers (VASPs).

By obtaining this license, Binance has established a strong presence in Dubai's fast-growing crypto market and reaffirmed its commitment to cooperation with local regulators.

The operational MVP license allows the exchange to operate two licensed activities: virtual asset exchange services and virtual asset broker-dealer services, both of which are limited to institutional and qualified retail investors in the city.

While the crypto world continues to develop, Binance continues to stay at the forefront by encouraging innovation and expanding its services in accordance with the relevant regulations of the countries in which it operates.

The acquisition of the Operational MVP license in Dubai further reinforces Binance's reputation as a global leader in the cryptocurrency space. #BTC #BNB