Binance has recently announced that it has been granted a Virtual Asset Service Provider (VASP) full license by the Dubai Virtual Asset Regulatory Authority (VARA).
Following the acquisition of the Minimum Viable Product (MVP) license in Dubai in July 2023, obtaining the VASP license marks a new milestone for Binance.
Transitioning from the MVP license to the VASP license enables Binance to expand its business scope, including extending services to retail markets and eligible institutional investors.
With the VASP license, Binance is now equipped to offer a wide range of virtual asset services to individual clients, including spot trading and staking products.
Additionally, the VASP license will allow Binance to provide diversified services to qualified investors.
This significant development highlights Binance's commitment to compliance and regulatory standards, as well as its ongoing efforts to enhance its services and reach within the virtual asset industry.
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