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Binance’s breakthrough in Dubai: the meaning behind the regulatory license and future prospects

Binance has obtained a “pass” in Dubai!

Listen up everyone, Binance, the world’s leading cryptocurrency exchange, has made big news in Dubai recently! They successfully obtained a virtual asset service provider (VASP) license.

Let’s highlight the key points:

This is a big regulatory step forward. Binance obtained a VASP license from the Dubai Virtual Asset Regulatory Authority (VARA) this time, which is an important milestone. Speaking of leadership, there is a small episode. It is said that Binance’s co-founder Zhao Changpeng had to give up his voting rights in the Dubai branch in order to meet the requirements of VARA.

This is a big deal! Of course, the official also spoke out. Current CEO Richard Teng confirmed the license, but he said that Zhao Changpeng’s statement of giving up his voting rights was just “pure speculation”.

Alas, this matter is simple to say, but it is actually quite complicated behind the scenes. But in general, Binance's regulatory approval in Dubai is a big deal. It seems that the cryptocurrency industry is really becoming more and more accepted by the mainstream. #MegadropLista #io项目 #NOT🔥🔥🔥

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