Dubai’s Virtual Asset Regulatory Authority has granted Crypto exchange Binance a license from to offer a range of crypto-related services in the city.
The new Minimal Viable Product license ensures that the world’s largest crypto exchange by volume, can open a domestic bank account to hold clients’ funds locally, operate crypto exchange, and offer payments and custody services.
Binance bagged an in-principle approval for the MVP license from the Dubai regulator back in March.
In March, the exchange was also granted a Virtual Asset License in Dubai that allowed it to “extend limited exchange products and services” to qualified investors.
