Nouriel Roubini criticizes CZ as Binance lands license to operate in UAE
Prominent economist Nouriel Roubini, also known as “Dr. Doom” because he was able to predict the mortgage crisis of 2008-2009, is reaching out to the head of Binance, CZ, for saying that he is “Sam Bankman is even weaker than Fried.”
A few days ago, Roubini also attacked Dogecoin, saying that it is still around thanks only to Elon Musk.
Meanwhile, Binance has been granted a license to provide crypto custody services in Abu Dhabi, UAE.
“Dr. Doom” calls for CZ to be sent out of UAE
As Roubini was speaking on stage earlier today at the Crypto Abu Dhabi event organized by ADGM, he called head of Binance Changpeng Zhao (CZ) a “shady character.” Notably, CZ was on the same stage giving a speech on the same day before Roubini spoke.
According to Roubini, Mike Novogratz, the founder of Galaxy Digital Crypto Bank, was also there with CZ.
Binance gets license from UAE regulators
In a tweet published later, the economist stated that he did not attack CZ when speaking on stage. Per him, he was just telling the authorities of the UAE that Binance is banned in the U.K., and the U.S. Justice Department is investigating this exchange in connection with money-laundering allegations and wondering why he was invited to the Arab Emirates.
On the same day, i.e. today, Binance spread the word on Twitter that it has received approval from UAE regulators to operate crypto custody services in the country.
The permission was granted to Binance by the Financial Services Regulatory Authority (FSRA). In April this year, the exchange received permission to operate as a broker-dealer in digital assets in the UAE.
