Cryptocurrency Q&A
Is Binance legal in Dubai?
Is Binance legal in Dubai?
Sofia
Sat Jun 08 2024
|
5 answers
1043
Could you please clarify the legality of Binance in Dubai for me? I've heard conflicting reports and am interested in understanding the official position. Is Binance allowed to operate in Dubai without any restrictions? Or are there certain regulations that need to be adhered to? Additionally, are there any specific licenses or permissions required for individuals or businesses to use Binance in Dubai? I would greatly appreciate it if you could provide some clarity on this matter. Thank you in advance for your assistance.
5 answers
LightningStrike
Mon Jun 10 2024
Dubai, April 18 (Reuters) - Binance, a leading cryptocurrency exchange, announced on Thursday a significant milestone in its operational expansion. The company has successfully obtained a licence from VARA, Dubai's regulatory authority.
Was this helpful?
126
77
Isabella
Mon Jun 10 2024
This licence marks a crucial step for Binance, as it now enables the platform to cater to a wider clientele. Previously, the exchange was primarily focused on serving qualified and institutional investors.
Was this helpful?
326
46
Chloe_martinez_explorer
Sun Jun 09 2024
With the new licence, Binance is poised to attract retail clients in Dubai, broadening its reach and potentially increasing its user base. This development underscores the growing acceptance and legitimacy of cryptocurrency exchanges in the region.
Was this helpful?
40
84
Valeria
Sun Jun 09 2024
Dubai has been proactive in embracing blockchain technology and cryptocurrencies. The issuance of this licence to Binance is indicative of the emirate's commitment to fostering a favourable environment for crypto-related businesses.
Was this helpful?
248
61
DaeguDivaDanceQueenElegantStride
Sun Jun 09 2024
Among the various crypto exchanges operating globally, Binance stands out for its comprehensive services and robust security measures. The platform offers a diverse range of cryptocurrencies and trading options, making it a popular choice for investors worldwide.
Was this helpful?
303
52
