Binance secures Dubai’s MVP operational license
Binance has received an MVP operational license from Dubai regulators, enabling it to serve institutional and qualified retail investors. Binance FZE, a subsidiary of Binance, has obtained an operation al Minimum Viable Product (MVP) license from Dubai’s crypto regulator, the Virtual Asset Regulatory Authority (VARA), according to a blog post. Earlier Binance got a provisional MVP license and a preparatory MVP license in May 2022 and September 2022 respectively. You might also like: Binance and CZ file motion to dismiss CFTC’s lawsuit With the latest approval, Binance can provide exchange and broker-dealer services to Dubai residents, starting with institutional clients and qualified retail investors. “With this operation MVP license, all users onboarded through this platform can expect access to a trusted and regulated service that prioritizes security alongside compliance with highly specialized, tier-one virtual asset regulations under VARA. Bin...