#Binance announced the opening of a regulated digital asset platform in #Kazakhstan on June 21, 2023, signalling a significant advancement in the nation's developing crypto market. Following its debut, Binance obtained a #licence from the #AIFC Financial Services Authority ( #AFSA ) in October 2022, allowing the business to run a platform for digital assets and offer custodial services.

Binance announced on Monday it has secured an operational license in Dubai, becoming the first cryptocurrency exchange to do so.

The milestone comes several months after Dubai’s crypto regulator Virtual Assets Regulatory Authority (VARA), unveiled a set of requirements crypto firms must comply with to offer services in the emirate.

Binance Completes 3 of 4 Licensing Stages in Dubai

Binance obtained an operational license from Dubai’s digital assets regulator, marking the emirate’s first crypto exchange to acquire the operational Minimal Viable Product (MVP) permit.

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