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The Middle East already has a crypto hub, and it's not Dubai

When the world's biggest cryptocurrency exchange decided in December to set up an advisory body in Dubai, local bitcoin enthusiasts celebrated. Binance's presence would be the jewel in the city's crypto crown as it tried to position itself as a hub for the digital asset.

source https://www.cnn.com/2022/02/22/investing/mideast-summary-02-22-2022-intl/index.html