Binance obtained a full crypto license from Dubai’s 🇦🇪 Digital Belongings Regulatory Authority (VARA).
Binance’s Dubai entity held a provisional MVP license since final yr, and at the moment obtained full VASP license.
VARA did a complete evaluate of the merchandise the change will provide in Dubai.
The license comes nearly a yr after Binance entered the third stage of VARA’s four-stage licensing course of.
With operational MVP license Binance served institutional and certified buyers.
The total crypto VASP license permits Binance to supply retail cryptocurrency buying and selling as properly.
In March 2022, Dubai created VARA – the world’s first and solely crypto-only regulatory physique to supervise all issues digital property and Web3.
In February 2023, VARA issued its laws and rulebooks for digital asset actions in Dubai, creating some of the complete regulatory frameworks on digital property thus far.
Massive congratulations to Binance and the nice group. Richard Teng Changpeng Zhao Alex Chehade
#binance #vara #dubai #uae #crypto #license
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