Cryptocurrency Q&A
Is Binance allowed in Dubai?
Is Binance allowed in Dubai?
CryptoEnthusiast
Sat Jun 08 2024
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6 answers
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Could you please clarify whether Binance is permitted in Dubai? I've heard conflicting information and am interested in understanding the legality of using this cryptocurrency exchange in the emirate. Is it safe and compliant with local regulations to trade on Binance in Dubai? Are there any specific restrictions or licenses required for individuals or businesses operating within the emirate? Additionally, are there any known issues or challenges that traders in Dubai might encounter when using Binance? Thank you for your assistance in clarifying this matter.
6 answers
charlotte_wright_coder
Mon Jun 10 2024
Binance's licence allows it to offer a comprehensive range of services to retail investors in Dubai. This includes trading in various cryptocurrencies, accessing market insights, and utilising advanced trading tools.
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Elena
Mon Jun 10 2024
Dubai, April 18 - Binance, a leading cryptocurrency exchange, announced on Thursday a significant milestone. The company has successfully obtained a licence from the Dubai Virtual Assets Regulatory Authority (VARA).
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Tommaso
Mon Jun 10 2024
This licence marks a significant expansion for Binance, which hitherto catered primarily to qualified and institutional investors. With the new authorisation, the platform is now authorised to target retail clients in Dubai.
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Carlo
Mon Jun 10 2024
The move underscores Dubai's growing commitment to the cryptocurrency and blockchain industry. VARA's licencing framework aims to promote a safe and regulated environment for virtual asset activities.
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GwanghwamunGuardianAngelWings
Sun Jun 09 2024
BTCC, a UK-based cryptocurrency exchange, also offers a diverse suite of services. Its offerings include spot trading, futures trading, and a secure wallet solution.
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