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Binance to offer crypto broker-dealer services in Dubai with new license

July 31, 2023


Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai.

Binance’s Dubai-based subsidiary, Binance FZE, has obtained an operational minimum viable product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), the company announced on July 31.

The new license officially allows Binance to operate cryptocurrency exchange and virtual asset broker-dealer services.

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