Binance CEO Teng Champions UAE’s Crypto Ambitions as Dubai Blockchain Week 2025 Kicks Off
Dubai's skyline isn't the only thing reaching for the sky. As Blockchain Week 2025 opens, the emirate's crypto ambitions get a heavyweight endorsement.
Binance's Top Voice Backs the Vision
Richard Teng didn't mince words. The Binance CEO threw his full support behind the UAE's aggressive push to become a global digital asset hub. His backing signals a major vote of confidence in the region's regulatory frameworks and growth trajectory—a stark contrast to the regulatory fog still lingering elsewhere.
The Dubai Magnet Effect
Forget sand and sun. The real attraction is a pro-innovation stance. The event's launch underscores how the UAE, and Dubai specifically, has become a magnet for crypto talent and capital. Projects and founders are flocking here, bypassing jurisdictions stuck in endless debate cycles. It's a classic case of capital flowing to where it's treated best—sometimes it just needs a warmer climate and clearer rules.
A Hub Forged in Fire
This isn't just talk. The region's commitment is built on tangible moves: establishing clear licensing regimes, attracting major exchanges, and fostering a startup ecosystem. While traditional finance hubs dither, the UAE is executing. They're building the infrastructure not just for the next bull run, but for the next decade of finance. It’s a long-game strategy that treats crypto as the main event, not a sideshow.
The stakes are clear. As one of the industry's most powerful figures aligns with one of its most ambitious hosts, the global map of crypto influence gets redrawn. The message to the world? Innovation won't wait for permission. And for the old guard watching from the sidelines, that familiar sinking feeling isn't the market—it's their relevance. The future of finance is being built, and the blueprint is on display in Dubai.
Richard Teng’s latest post on X added fresh momentum to an already busy week in Dubai.
Sharing photos with UAE Minister H.E. Omar Al Olama, the Binance CEO praised the country’s long-term approach to emerging tech, calling the minister’s message “powerful” and saying the UAE’s “forward-thinking, fundamentals-first approach since 2015” is why it has become a global hub.
A powerful message from His Excellency Omar Al Olama.
The UAE's forward-thinking, fundamentals-first approach since 2015 is why we're a global hub today.
It's not just about adopting tech (blockchain, crypto, AI), but about building real resilience and value for the future. pic.twitter.com/SkMjLPuDFN
UAE Stays Firm on Its Digital Vision
During his session at Binance Blockchain Week, Al Olama made one point very clear: the UAE isn’t adjusting its path.
“Our stance has not and will not change,” he said, reaffirming that the country sees blockchain and digital assets as part of its long-term economic plan.
He used a simple analogy to explain the UAE’s mindset. A child raised in the desert imagines what can be built; a child raised in the forest admires what already exists. For the UAE, he said, the focus has always been on creating what’s next.
Al Olama also reminded attendees that the UAE formed one of the world’s first crypto councils back in 2015 – long before the rest of the world warmed up to the sector.
Industry Leaders Point to UAE’s Predictable Strategy
During a separate session, Aramex founder and Wamda Capital Executive Chairman Fadi Ghandour praised the UAE for creating a stable environment for innovation. He said the country’s approach gives entrepreneurs and investors something rare in emerging industries: clarity.
“In this country, crypto is just one piece of the puzzle,” he said, explaining that the UAE’s broader future-focused plan makes digital assets easier to build around.
He compared the UAE’s long-term strategy to the way founders pitch investors with a clear vision and a path to get there.
New Rules Strengthen the Framework
All of this arrives as the UAE enforces a new central bank law that brings digital assets and DeFi into the country’s traditional banking system.
Every crypto business operating in or from the UAE must now be licensed by the CBUAE, with fines reaching up to 1 billion dirhams ($272M) for unlicensed activity.
