Binance Holdings Ltd has triumphed in securing a highly coveted full crypto license in Dubai. The permit, confirmed by CEO Richard Teng in a Bloomberg interview.

Binance FZE, the Dubai-based entity of the esteemed cryptocurrency exchange, had been operating under interim Operational MVP licenses since mid-2023.The newly acquired VASP license permits Binance not only to cater to institutional and qualified investors but also to pioneer retail cryptocurrency trading.

Under Teng's leadership, who filled the CEO seat post CZ's exit, Binance remains poised to enhance compliance and relationships with global regulators.