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Binance Secures License For Offering Crypto Services In Dubai

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 20, 2022

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Recently, Binance secured a license to offer full crypto exchange products and services in Dubai. Earlier the exchange just had a license to offer some of the limited crypto exchange products and services to qualified investors.

According to the press release, with the new Minimal Viable Product license, the exchange can open a domestic bank account to hold funds of the users locally, operate the exchange, and offer payments and custody services to the users. MVP license from the Dubai regulator was received by Binance back in March. 

Binance has been trying to attain global regulatory approval after facing a series of setbacks.

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