Binance Secures Full Virtual-Asset Services Provider License in Dubai

The license allows Binance to expand services to retail clients and enhances its compliance and innovation capabilities.

Binance has obtained a full Virtual Asset Service Provider (VASP) license in Dubai, enabling expanded services including retail cryptocurrency trading.
The license was granted after co-founder Changpeng 'CZ' Zhao relinquished voting control, aligning with regulatory agreements.
Under the new license, Binance will offer margin trading and staking products to qualified users.
The acquisition of the VASP license marks a significant regulatory milestone for Binance, following recent penalties and challenges.
Binance's new CEO, Richard Teng, emphasizes the company's commitment to compliance and global regulatory relations.