CZ: I am very optimistic about investment opportunities in the Middle East, focusing on blockchain, AI, biotechnology and other fields

After appearing at Binance Blockchain Week in Dubai, UAE at the end of October, CZ appeared in another Middle Eastern country, Bahrain, on November 3. He told reporters that before Binance obtained the Virtual Asset Service Provider (VASP) license issued by Dubai, it first obtained a similar license in Bahrain among the member states of the Gulf Cooperation Council (GCC). CZ said at the second Gateway Gulf Investment Forum held in Bahrain: "Many people don't know how good it is here." Bahrain, as a country that is also friendly to cryptocurrencies, is not well known. After Binance obtained the Crypto Asset Service Provider license granted by the Central Bank of Bahrain, it also obtained a banking license approved by the CBB, which means that Binance has directly opened up the fiat currency in and out channels in the local area. CZ also said that he learned that Hong Kong peers are actively exploring RWA, but the price fluctuations of real-world assets are relatively small, so it is difficult to form sufficient trading volume in the secondary market, and liquidity is prone to gradually shrink. It is necessary to wait for innovators to come up with use cases that really bring liquidity. In addition, CZ expressed his optimism about investment opportunities in the Middle East. He not only focuses on blockchain investment, but has also made investments in AI, biotechnology and other fields in the GCC countries. (Caixin)