Giant global cryptocurrency exchange Binance has gained a Virtual Asset Licence from Dubai's recently formed Virtual Asset Regulatory Authority (VARA). It follows Bahrain's move on 15 March to give Binance a crypto-asset service provider licence, its first such licence from a Gulf Cooperation Council (GCC) country. The company will operate within Dubai's "test-adapt-scale" virtual asset market model and be "permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers", it said in a statement on 16 March. Binance...
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