'UAE will be the centre for money,' says Binance founder Changpeng Zhao

Changpeng Zhao, founder of Binance, asserts the UAE's potential as a global financial innovation hub, highlighting its advantages for the thriving crypto ecosystem.

Amid the evolving landscape of cryptocurrency, Changpeng Zhao, founder of Binance and recently released from prison, has made bold claims about the United Arab Emirates (UAE) positioning itself as a global hub for financial innovation. Speaking in an interview with The National, Zhao emphasized the UAE's unique advantages, particularly in fostering a thriving crypto ecosystem.

Is the UAE Really the Most Crypto-Friendly Place on the Planet?

According to Zhao, the UAE offers a remarkable level of “freedom” in cryptocurrency operations, allowing firms to innovate while balancing consumer protection. He noted that the country’s leadership is exceptionally forward-thinking, providing ample opportunities for experimentation. Zhao highlighted Abu Dhabi's Global Market (ADGM) as a model for other jurisdictions, effectively regulating digital assets while encouraging innovation. “That’s one of the strengths for the UAE,” he stated.

What Changes Have Influenced Zhao's Perspective?

Zhao's recent statements come as he promotes his memoir, Freedom of Money, following a tumultuous period marked by a four-month imprisonment due to regulatory issues with Binance. After his release and a presidential pardon, Zhao reflected on his experiences and the shifting priorities in his life. “I really enjoy spending time with my family… the people are the most important things in your life,” he remarked.

Now focused on long-term projects, Zhao has also launched a free education platform called Giggle Academy, benefiting around 200,000 children. His commitment to education and development is evident, and he believes it will have far-reaching impacts on society.

How Is the Crypto Market Responding to Global Events?

Despite turbulence in global markets, Zhao discussed Bitcoin’s adherence to its historical four-year cycle. Earlier this year, Bitcoin prices fell to approximately $60,000 but have since rebounded towards $80,000. Zhao is encouraged by the long-term prospects of Bitcoin, particularly with increasing institutional participation and broader market adoption.

In late 2025, Bitcoin had surged to nearly $120,000, propelled by robust institutional inflows, the launch of spot crypto ETFs, and hopes of clearer regulatory frameworks in the U.S. Zhao remarked, “The recovery is always slow,” attributing short-term price movements to various geopolitical factors.

Could AI Influence the Future of Crypto?

The relationship between artificial intelligence (AI) and cryptocurrency is becoming increasingly relevant. Investor Anthony Scaramucci suggested that Bitcoin’s valuation could skyrocket if it became a requisite for cyber security against AI-driven threats. However, Zhao offered a simpler vision: as the demands for AI technology grow, so will the demand for cryptocurrencies.

He speculated that rising AI capabilities could necessitate blockchain networks for autonomous machine transactions, implying a future where crypto facilitates new forms of commerce rather than acting as a standalone defense system for cyber security.

What Does the Future Hold for Cryptocurrency?

Looking ahead to 2026, Zhao sees multiple converging factors poised to drive crypto adoption, including the proliferation of stablecoins, tokenized real-world assets, and the integration of AI into financial systems. He stated, “I don’t know which one is going to be exactly … but all of those things are happening.”

Zhao's insights suggest that the crypto sector is on the cusp of transformative changes, with the UAE leading the way. For traders and investors eager to capitalize on these developments, exchanges like Binance, Bybit, Bitget, OKX, and MEXC offer competitive rates and opportunities to navigate these market shifts.

  • Changpeng Zhao believes the UAE is set to become the center of global financial innovation.
  • The UAE provides an environment of freedom for cryptocurrency that balances innovation and consumer protection.
  • Bitcoin has continued to follow its historical four-year cycle, currently recovering towards $80,000.
  • Zhao highlights the growing intersection of AI and crypto, suggesting an increased demand for blockchain technologies.
  • Future developments in crypto adoption could hinge on stablecoins, tokenized assets, and AI integration.