Dubai regulator issues license to Binance exchange

Cryptocurrency exchange BINANCE may soon receive a license to operate in one of the emirates. It's about Dubai. This comes in light of DWTC's recently announced plan to make Dubai the largest cryptocurrency hub in the UAE.

The plans of the authorities of the Emirates include the creation of an independent supervisory body and a regulatory framework for the development of the country's crypto sector. Also, a huge role in this is given to the Binance crypto exchange, with which an agreement was recently concluded to develop and strengthen the global presence of Dubai in the global cryptocurrency arena.

In order to be more active in the emirates market, Binance plans to obtain a license for a cryptocurrency service provider. According to the CEO of the crypto exchange, Binance intends to do everything necessary to create a well-regulated environment for the crypto sector.

In addition to the largest crypto exchange in the UAE, many other cryptocurrency organizations have become more active. They receive the support of regulators, and this is important for the optimal development of business in this industry. Things are going so well that Binance may open a global business base in Dubai.

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