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Cryptoknowmics 2022-04-29 10:27:04

Three Arrows Capital Shifts Headquarters to Dubai from Singapore

Three Arrows Capital, a cryptocurrency trading and hedge fund manager is relocating its headquarters from Singapore to Dubai, joining among a growing number of firms looking to expand their presence in the Middle East. Three Arrows Capital Shifting to Dubai According to a report from Bloomberg, crypto hedge fund Three Arrows Capital is considering shifting its headquarters to Dubai from Singapore. Citing a crypto publication, cofounder of Three Arrows Capital, Su Zhu tweeted: “The energy in Dubai’s digital asset industry is electric right now. We have decided to move our Three Arrows headquarters to Dubai and I’m looking forward to meeting more technology startups.” The energy in Dubai’s digital asset industry is electric right now,” Zhu told CoinDesk. “We have decided to move our Three Arrows headquarters to Dubai and I’m looking forward to meeting more technology startups" https://t.co/4OuZ4akh6b — Zhu Su 🔺🌕 (@zhusu) April 28, 2022 The United Arab Emirates (UAE) in recent times has attracted a number of crypto companies, firms including Binance, FTX, Crypto.com, Bybit and Kraken. Crypto Firms Ditching Singapore for Dubai As the Monetary Authority of Singapore (MAS), the country’s central bank, has begun to tighten down on crypto activity, it appears that crypto firms that previously felt safe in Singapore have relocated to Dubai. For instance, Binance recently obtained licenses in Dubai, Bahrain and Abu Dhabi after withdra...

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