- Cryptocurrency exchange Binance has received the license for its Dubai operations, Bloomberg reported.
- The approval comes days after Bahrain approved Binance's operations, thus boosting its middle-east presence.
- Binance will be permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers.
- The report further noted that UAE is issuing federal licenses to virtual asset service providers in an effort to provide a regulated environment for crypto trading.
- The country has issued a license to another major cryptocurrency exchange, FTX.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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