KpopMelody
Fri Jun 07 2024
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5 answers
1336
Is Binance legal in the UAE?｜Binance, one of the largest crypto exchanges in the world, .has experienced some legal setbacks recently and is the latest firm to receive Dubai's coveted VASP license
Could you please clarify for me the legality of Binance in the United Arab Emirates? Given that Binance is among the most prominent crypto exchanges globally, it has certainly encountered a few legal challenges recently. I'm particularly interested to know about the VASP license Binance has recently received from Dubai. Is this license a sign of its legality in the UAE, or does it simply permit Binance to operate in Dubai within certain parameters? Thank you for your assistance in clarifying this matter.
Michele
Fri Jun 07 2024
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5 answers
1209
Is Binance allowed in the UAE?｜Binance, one of the largest crypto exchanges in the world, .has experienced some legal setbacks recently and is the latest firm to receive Dubai's coveted VASP license
Is Binance indeed permitted to operate in the United Arab Emirates? Given that Binance, renowned as one of the foremost cryptocurrency exchanges globally, has encountered several legal challenges of late, I'm curious about its status in the UAE. Furthermore, I've noticed that it has recently become one of the few select entities to acquire Dubai's highly sought-after VASP license. This raises questions about its legality and regulatory standing in the emirate. Could you please clarify the situation?
BitcoinBaron
Fri Jun 07 2024
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6 answers
1140
Is Binance legal in Dubai? | Why it matters: Binance joins a growing list of firms to have a VASP license in Dubai. Bahrain-based competitor CoinMENA received the license for broker-dealer services last November, while Crypto.com's license was finalized earlier this month.
Is Binance operating legally in Dubai? This question holds significance given that Binance has recently been added to the expanding roster of companies holding a VASP license in Dubai. Its Bahrain-based rival, CoinMENA, secured a broker-dealer services license in November of last year, while Crypto.com also saw its license officially granted earlier this month. How does Binance's legal status in Dubai impact the larger cryptocurrency and finance landscape? What does this mean for investors and traders in the region? And how does it compare to the regulatory frameworks of other countries in the Middle East?
