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Why isn't Binance operational in the UAE? Despite having regulatory permissions in Dubai, which serves as its Middle East hub, Binance has seemingly withdrawn its bid for a license in Abu Dhabi. Could this be due to Binance Labs Fund's decision to cancel its Abu Dhabi license applications, citing a redirection of focus towards startup incubation and lower capital utilization? What factors might have influenced this shift in strategy? And what does this mean for the future of Binance's operations in the UAE?
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