Binance has been granted a Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority (VARA). This licence ensures that Binance will be able to operate its regional business from Dubai, UAE 🇦🇪
We are excited to announce we have been granted a Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority . Binance will be able to operate within Dubai’s ‘test-adapt-scale’ virtual asset market model as a base for expansion into the region.
“Binance is appreciative of being awarded this license in such a progressive regime, targeting uncompromised governance and market security. The collaborative way in which Binance has been engaged to bring proven industry compliance leading experience to the Dubai ecosystem is indicative of the unique operating model that the VARA is creating for the global industry.
that houses VARA said, “The new VARA is symbolic of Dubai’s confidence in the potential of this future economy driver—if introduced with prudence and legitimacy. To this end, our regime is structured to catalyze collaboration, foster innovation, and most critically secure public interest.
Dubai is the first global economy to have set up a specialized regulator for the VA sector. It will further develop this VARA governed ecosystem of credible, reputable and innovative international leaders. The VARA-issued Virtual Asset Exchange License ensures Binance will be able to operate its regional business from Dubai in the newly announced regulatory ecosystem that is subject to comprehensive legislation and internationally applicable policy frameworks.
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