Binance by the Numbers
18 February 2024•
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In the UAE’s well-regulated crypto market, Binance is working with regulatory bodies to obtain the necessary licenses and is helping to shape policies that adequately protect consumers, encourage innovation, cultivate progress, and move the industry forward.
The company received its Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA) in September this year, meaning that they can now offer an approved range of virtual asset related services to suitably qualified retail and institutional investors in Dubai.
They also received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) and can now offer custodial services to professional clients in and from the ADGM.
Author
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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