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Binance Secures Operational License in Dubai despite Global Woes
in the Middle East. Binance FZE, the Dubai subsidiary of the crypto exchange, has been awarded an Operational Minimum Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA). This milestone represents a significant leap for the firm and its users, empowering it to offer virtual asset (VA) exchange and broker-dealer services to institutional and qualified retail investors in the emirate. This latest advancement comes in the wake of VARA granting Binance a preparatory MVP license back in September 2022, which came with certain stipulations that the company had to fulfill to be eligible for ... (full story)