Binance Receives Full Operational Approval for Crypto Services in Dubai

Binance has announced that it has received a full
virtual-asset services provider (VASP) license from Dubai’s Virtual Assets
Regulatory Authority (VARA). This development comes nearly a year after Binance
entered the third stage of Dubai’s four-stage regulatory process.

According to a VARA filing, Binance’s local unit, Binance
FZE, secured an Operational MVP license in mid-2023. This initial license
enabled the exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term to cater to institutional and qualified investors,
offering broker-dealer services as well as virtual-asset derivatives trading.