According to Arabiya Net, Binance has obtained the license to conduct its activities within the initial regulatory phase of the Dubai Virtual Asset Regulatory Authority, which includes strict regulatory oversight and mandatory compliance with the controls of the working group Financial (FATF).
The license to the world's leading platform allows the provision of limited trading products and services to pre-approved investors and specialized financial institutions. All service providers licensed by the Dubai Virtual Asset Regulatory Authority are constantly monitored, in order to allow them to provide their services to individual traders. In addition to its operations in the field of virtual asset trading, Binance will establish a center for blockchain technologies at the Dubai World Trade Center, to support new talent and develop a vital ecosystem in this field in the emirate.
