Binance receives green light for crypto services in Dubai
The new MVP License is a transition from a provisional license received under a new regulatory framework earlier this year. Crypto exchange Binance received a Minimal Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer a range of virtual asset services to qualified retail and institutional investors, the company disclosed on Tuesday.The development follows the issuance of the provisional license granted in March, which permitted the company to set up an office in the United Arab Emirates and provide digital asset....
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Cryptocurrency Binance has received another license from Dubai’s crypto regulator. Binance can now provide more crypto-related services in Dubai. Binance’s New License in Dubai Cryptocurrency Binance announced Wednesday that it has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The announcement details that besides allowing Binance to “open a client money account with a domestic bank,” having an MVP license means: Binance can offer an approved range of virtual asset-related services to suitably....
The Dubai World Trade Centre will become a comprehensive ecosystem for cryptocurrencies and providers of related services. The move is part of efforts to support new industries and the emirate intends to source help from crypto companies like Binance. Dubai World Trade Centre to Host and Regulate Crypto Space Authorities in the United Arab Emirates plan to establish a special zone at the Dubai World Trade Centre (DWTC) from which businesses dealing with digital assets will be able to offer their products and services. The government of Dubai announced that the DWTC will also play the role....
Organismo Agenti e Mediatori in Italy has granted regulatory license to cryptocurrency exchange Crypto.com (CRO-USD) so that it may offer its products and services to customers there. Crypto.com Expands To Italy Italian regulators have given Crypto.com the go-ahead to offer its services in the Mediterranean nation, which the business says is in line with its […]
UAE residents looking forward to an army of bitcoin ATMs being installed in Dubai may be disappointed to find out that it's not happening ... at least for now. Last week, there was speculation on social media that 400 ATMs had arrived in Dubai. In response to an earlier BitAccess announcement, Sergey Yusupov tweeted a photo of the machines and noted that they would be activated in two weeks. @BitAccess welcome to #Dubai but 400 #BitcoinATM are already here and will be activated in 2 weeks! pic.twitter.com/0i1duhCCXq. - Sergey Yusupov (@uniqbiun) March 18, 2014. However, the UAE Department....
Binance CEO Changpeng Zhao, popularly known as “CZ,” stated that the increasing ban on cryptocurrency advertising will have no effect on demand. In a recent interview, he discussed regulatory changes concerning crypto-advertisements on platforms such as Google and Facebook, Binance’s progress in Singapore, and the Dubai crypto-regulation framework. Binance’s CZ Dives In On Crypto Adverts […]