Binance Holdings Ltd., the world’s largest digital asset exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai after co-founder Changpeng “CZ” Zhao agreed to give up his voting control in the local entity, according to people familiar with the matter not identified in the Bloomberg report. This long-awaited license is a significant win for Binance, which has faced a series of regulatory challenges over the past two years.
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Radek Zielinski, ReadWriteWeb
Thu, 04/18/2024 - 9:34am
Topics: binance holdings ltd virtual asset service provider vasp changpeng cz zhao november operational mvp virtual assets regulatory authority vara binance fze officials changpeng zhao zhao s binance fze s abu dhabi-based okx crypto richard teng india belgium teng readwrite binance binance vasp dubai zhao u.s ceo the vasp binance s binance fze vara teng obtains virtual asset service provider virtual asset service provider license company exchange control voting report authorities services people local familiar obtained forced including broader matter offer
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The company subsequently requested the release of the company officials earlier this month. The post Binance obtains virtual asset service provider license in Dubai appeared first on ReadWrite.
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