Local exchange Binance obtains Dubai license, begins user migration process in UAE

Binance is moving UAE resident accounts to its new local regulated entity, Binance FZE, after receiving a Virtual Asset Service Provider license from the Dubai regulator. The change will allow UAE users to access a range of virtual asset services locally, including bank deposits and withdrawals in AED. The UAE’s local exchange platform Binance has announced that it is now licensed to exchange cryptocurrencies […]