Abu Dhabi’s MGX will invest $ 2 billion in Crypto Exchange Binance

Amirati Public Investment Company MGX, Cryptocurrency Announced a two-billion investment in the first institutional investment and “single largest investment” and “single largest investment”.

One Joint press releaseFirms, minority Stablecoins, said that it will make it a “largest investment” given by Cryptocurrency. Stablecoins is a type of digital asset designed to carry a permanent value, a stable value, a stable value, a permanent value in a fiat currency.

Abu Dhabi spent the focus of the MGX investment company last year AI technology. MGX in September partner With their likes Broncroc and Microsoft To start an AI Fund of more than $ 30 billion, but still did not invest in the cryptoic industry and block.

“Investment in the MGX’s Binance, Ahmet Yahia, MGX reflects our commitment to developing the Director of Management and CEO Managing Director and CEO Managing Director and CEO Management.

The press release added that by partnering with the leading industrial player, MGX AI, Blockchoin technology and financial intersection aims to provide innovations. “

Binance and MGX did not immediately report which Stablecoin would be used for the size or payment. Binance did not respond to a survey that the transaction was not completed.

As part of the UAE more ambitions Global Technology LeaderIt grows upon a Regional Crypto Hub.

Binance, which is the world’s largest cryptocurrency exchange, has The Middle East footprint has grew As soon as the regulatory barriers and implementation measures are facing regulatory barriers and execution in other jurisdictions in recent years,

According to the press, about 1,000 global workers of about 1,000 global workers work in the UAE. It adds that now has more than 260 million registered users and exceeded 100 trillion dollars in aggregate trade.

Binance CEO Richard Teng, CNBC’s Conspange Converge Consapore is scheduled to participate in 2:40:40 (2:40 AM and) local time (2:40 AM and).