Binance, the world’s largest cryptocurrency exchange, announced that it has obtained a “virtual asset license” to operate in Dubai.
On March 17, from Binance’s official Twitter address, in the announcementtheir presence in the Middle East they have expanded and license from Dubie by taking Operations in the United Arab Emirates (UAE) that they can show He said they were proud of him.
Under the Dubai virtual asset provider (VASP) license, Binance is in the UAE. office and investors will be allowed to offer cryptocurrencies.
Dubai, one of the seven emirates that make up the United Arab Emirates, first granted this license to another cryptocurrency exchange, FTX. If Binance one of its biggest competitors It got the license after FTX, which was
FTX Becomes First Cryptocurrency Exchange to Acquire Dubai’s Regulated Virtual Asset License
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With the licensing, Binance’s cryptocurrency emerging in the Middle East of the market one Part of it It is said to have become
on March 14 Binance has announced that it has obtained a global crypto-asset service provider license from the Central Bank of Bahrain (CBB).
Binance Acquires A Global Crypto Asset Service Provider License From The Central Bank of Bahrain (CBB)
Related article: Binance Acquires A Global Crypto Asset Service Provider License From The Central Bank of Bahrain (CBB)
Blockchain technology of both Bahrain and UAE support the development is being considered.
The country’s prime minister, Sheikh Mohammed bin Rashid Al Maktoum, said in a statement regarding the cryptocurrency law that came into effect this month:
We will do our best for the growth of the sector and the protection of investors.
said.