Crypto’s Moment of Truth Boom, Bridge or Build? | Richard Teng, Co-CEO of Binance

This will be the future of finance. Abu Dhabi has a very pro- innovation approach and putting itself to work very early on even before the rest embrace it. This is one of the first country in the world and Abu Dhabi is the first jurisdiction in the world to start regulating the crypto sector. So if you look at crypto, it has always been embraced by retail for the longest time. Institution are saying that it's a passing fat.

It'll go away. regulators are not spending time on it but we always believe especially at ADGM. So we are very very grateful with the support of Abu Dhabi and partnership we became first in the world to announce this very comprehensive regulatory approval from Abu Dhabi FSR. We are the [music] most regulated exchange globally. We are regulated in 21 different local jurisdiction.

But this represents a very significant milestone for ourselves where is it on a global basis we are regulated. [music]