Binance, one of the world's largest cryptocurrency exchanges, has obtained a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This license allows Binance to legally operate its services within the UAE, strengthening its presence in the MENA region.

Dubai is one of the leading cities in the field of regulatory adoption of financial technology and digital currencies, and has become an attractive destination for companies operating in this field. This license represents a big step for Binance, as it enhances user and investor confidence in the platform and reflects its commitment to complying with regulatory requirements in various global markets.

The license allows Binance to provide its various trading services, including digital currency trading, portfolio management, and liquidity provision, which contributes to enhancing economic growth and developing the digital currency market in the region. This move comes as part of Binance's broader strategy to expand its operations globally and ensure a safe and regulated environment for its users.

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