**Binance Receives License to Operate in Dubai**
**Dubai, UAE** - July 31, 2023 - Binance, the world's largest cryptocurrency exchange, has received a license to operate in Dubai. The license was issued by the Dubai Virtual Asset Regulatory Authority (VARA), which is the emirate's new financial regulator for virtual assets.
The license allows Binance to offer a range of crypto services in Dubai, including spot trading, margin trading, and derivatives trading. Binance will also be able to set up an office in Dubai and hire local staff.
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