Binance, the world’s largest cryptocurrency exchange, abandoned its license application in the United Arab Emirates (UAE).
Cryptocurrency exchange Binance has stepped back in the UAE. Stock Exchange in the United Arab Emirates BV Investment Management the organization named For an investment fund in Abu Dhabi He withdrew his license application.
Application according to the official website of the regulatory body on 7 November retreated. In a statement made by a Binance spokesperson speaking to Reuters, the withdrawal of the application was due to money laundering charges in the USA. not connected place was given.
The spokesperson emphasized that it was decided that such a license was not required within the scope of global licensing needs:
In evaluating our global licensing needs, we determined that this application was not necessary.
Made exclusively by Binance, USA money laundering accusations to the stock market as a result of allegations Fines worth $4.3 billion He had cut it. Binance founder Changpeng Zhao (CZ), a UAE citizen, resigned from his position as CEO within the scope of these sanctions.