Binance, Led by CEO Richard Teng, Secures Full Crypto License in Dubai Post-FTX Collapse

Apr 18, 2024, 09:57 AM

Binance, the global cryptocurrency exchange, has successfully obtained a full regulatory license in Dubai, as confirmed by CEO Richard Teng. This license, granted by Dubai's Virtual Assets Regulatory Authority (VARA), allows Binance to target both retail and qualified clients within the region. The acquisition of the Virtual Asset Service Provider (VASP) license comes after a period of anticipation following the FTX collapse, marking a significant step for Binance in expanding its services in the Middle East.