Alex Chehade, the Normal Supervisor of Binance FZE in Dubai, will depart from the crypto asset trade on the finish of July, Zawya reported, citing sources accustomed to the matter. Chehade, who performed a pivotal function in securing the Dubai Digital Property Regulatory Authority (VARA) license, has been with Binance for 2 years.
Chehade joined Binance FZE in June 2022, and beneath his management, Binance FZE secured the VARA license in April, positioning the corporate amongst 18 different organizations accredited as Digital Property Service Suppliers (VASP) by the Dubai regulatory authority.
Sources instructed the media publication that Chehade was seen as a possible future board member of Binance, making his departure surprising. His management was reportedly essential in establishing Binance’s presence within the UAE, a area that has more and more turn out to be essential for the digital belongings market.
Chehade’s departure underscores the dynamic nature of the digital belongings business, the place regulatory achievements and management modifications continuously reshape the panorama. As Binance FZE appears forward, the main target will doubtless stay on consolidating its regulatory beneficial properties and increasing its market presence within the Center East.
Count on ongoing updates as this story evolves.
