Binance’s Dubai-based Subsidiary Receives Operational MVP License from VARA
Join Our Telegram channel to stay up to date on breaking news coverage The Dubai- based Binance FZE, a subsidiary of the world’s biggest crypto exchange, has set a new benchmark by being the first to secure an Operational MVP license from Dubai’s VARA. This permits them to provide exchange and broker-dealer services to Dubai’s institutional and eligible retail investors. Binance FZE Receives Operational MVP License The Operational MVP License allows Binance to use a modern regulatory framework that encourages innovation and puts user protection first. Binance has been granted an Operational MVP license, following its provisional MVP license received in March 2022 and a preparatory one in September 2022. This new license enables Binance to offer virtual asset exchange and broker-dealer services to Dubai’s institutional and qualified retail investors. Richard Teng, Head of Regional Markets at Binance, attributes this milestone to a year’s worth o...