Binance Gets Unlimited Crypto Services’ License in Dubai

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.

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