Hoo Blockchain assets platform to open headquarters in UAE

Hoo, a blockchain assets service platform, has confirmed that it will be opening up its headquarters in UAE. The announcement came after Hoo made their debut at the Future Blockchain Summit. The company which was founded in 2018 offers solutions across the entire blockchain system and has over 2.4 million users in 120 coutries.

Given that Dubai has developed regulatory policies in the areas of blockchain technology, crypto assets and te like Hoo is applying to become a regulated platform in the UAE.

"In Dubai, there are people from all over the world, relying on its geography and culture. Dubai can attract the attention of users from the Arabian Peninsula and Arab countries, and this market is still quite big. In addition, Dubai is located in the middle of the Middle East, not far from Europe, Southeast Asia, India and other countries and regions, and can also provide services for global compliance countries and regions. Dubai is a great springboard for Hoo; we can put the core team of developers and products in Dubai. When we expand into other regions such as Europe, America, Southeast Asia, etc., we will also build a market and operation team based on local conditions.” Founder of Hoo, Rexy Wang said.

Wang added that under the favourable policy environment, Hoo has reached a cooperation with the Dubai government and will use the entire office building provided by the Dubai government as its global operation headquarters to carry out global business based on the Middle East region.