MarketsBinance acquires minimalist product license from Fara-Dubai

Binance acquires minimalist product license from Fara-Dubai


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company said Binance Binanceservice provider BlockchainShe obtained approval to join the program.Minimum practical productsMVP From “Virtual Asset Regulatory Authorityvacant Vara in Dubai.

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This license permits Binance Providing a range of services related to virtual assets approved by vacant For both individual investors, and qualified institutions in Dubai within the framework of vacant Regulatory service providers.

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where the stage MVB It is exclusive to selected international players, who will be allowed to carry out trade operations under the guidelines vacantand risk mitigation measures.

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Read also:Strategic partnership in the United Arab Emirates between VirtueZone and Binance

As he said, Chairman of the Board of Directors vacant crescent moon Helal Almery:

“Aiming system vacant It aims to strike an effective balance between creating value, mitigating risk, and enabling innovation in the open market while ensuring protection for those who suffer economically.”

has been awarded Binance Temporary license in March which means transition to license MVB As the company can open a money account for the client with a local bank, while providing services.

After obtaining the license, the company plans to offer a range of virtual asset services from trading, switching between virtual assets, fiat currencies, custody and virtual asset management.

In addition to offering virtual tokens, trading services, payments, and remittance services.

where confirmed Binance It plans to meet the needs of pre-approved clients vacantUsers will benefit from increased levels of consumer protection by trading on a regulated platform under supervision vacant in Dubai.

The founder and CEO of Binance Changping Zhao Changpeng Zhao :

“We firmly believe that we have a great opportunity to work with our industry peers to develop consistent implementation standards in the world like we did in Dubai.”

The company stated that the license MVB From vacant It is an important achievement following many registration processes for its local entities in the Middle East, North Africa, Italy, France and Spain.

More recently, it strengthened Binance Its relations with the Middle East, and Europe, after receiving initial approval from the Abu Dhabi Global Market to operate as a virtual asset trading broker in the capital in April.

In turn, the general manager of the company Binance In Dubai, Alexander Shehadeh Alexander Chehader:

“Our registration in Dubai is a reflection of the country’s progressive stance on technology Blockchainand its willingness to embrace this sector through cooperation.”

Source: Crypto Arabia

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