Binance is one of the first fully regulated virtual asset (VA) exchanges in the world to provide professional investors with prudentially regulated crypto trading services.

On March 16, 2022, Binance announced that it has obtained a virtual asset license issued by the Dubai regulator, enabling it to operate smoothly in Dubai’s “pilot-adjust-expansion” virtual asset market model, and as its basis for regional expansion. During the initial regulatory phase of the Virtual Assets Regulatory Authority (VARA), Binance will be allowed to offer certain exchange products and services to the marketplace through strict oversight by the regulator and Financial Action Task Force (FATF) compliance monitoring. Pre-qualified investors and professional financial service providers. All VARA-licensed service providers are subject to progressive monitoring for admission to the retail market. In addition to the exchange’s operations, Binance will also establish a blockchain technology center at the Dubai World Trade Center to nurture talent and build a vibrant blockchain ecosystem.

Dubai is the first economy in the world to set up a dedicated regulatory body for virtual assets. VARA’s leadership is not only reliable and credible, but also has extraordinary innovation and international vision. Under their management, the ecosystem will be greatly developed. . The virtual asset trading license issued by VARA ensures that Binance can operate its regional operations from Dubai in a new regulatory ecosystem that will be governed by local laws and internationally applicable policy frameworks.

About Binance

Binance is the world’s leading blockchain and crypto asset infrastructure provider with a range of financial products, including the digital asset trading platform with the highest trading volume. Trusted by millions of users around the world, the Binance platform is committed to promoting the free flow of currency and has launched a series of powerful encrypted asset products, including: trading and finance, education, data and research, social welfare, investment and incubation, Decentralization and infrastructure solutions, etc.

Go to Binance’s Official Website