Business
Binance FZE, the Dubai-based subsidiary of the arena’s largest cryptocurrency exchange, has acquired an operational MVP license from Dubai’s Virtual Assets Regulatory Authority (VARA). This makes Binance FZE the primary exchange in the arena to acquire the license, which initially allows institutional and qualified retail traders to trade on the platform. The license signifies that Binance FZE has met the regulatory standards and requirements area by VARA and is operating in accordance with the regulatory framework of the Dubai International Financial Centre (DIFC). This marks a significant milestone for Binance as it expands its presence in the Heart East and North Africa (MENA) location.
