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Binance received MVP licence in Dubai

Binance received MVP licence in Dubai.

Cryptocurrency exchange Binance received a licence from the Dubai Virtual Assets Regulatory Authority to provide a wide range of cryptocurrency-related services.

With the new MVP licence, Binance can open an internal bank account to hold customer funds on site, manage the crypto-exchange and offer payments and custody services.

The VARA chairman said: “The MVP phase is for selected global players across the value chain who are committed to participating responsibly in the industry, and VARA hopes that Binance will become an active participant, reinforcing Dubai’s commitment to creating a secure next generation ecosystem for the economy of the future.”

Read more at the link: https://www.binance.com/en/blog/ecosystem/binance-secures-mvp-license-from-dubais-virtual-assets-regulatory-authority-1769976226630788159