Binance Holdings Ltd. has reached a significant milestone by obtaining a full Virtual Asset Service Provider (VASP) license in Dubai. This achievement reflects Binance’s commitment to navigating the complex regulatory landscape while continuing to expand its global presence. As part of the agreement, co-founder Changpeng “CZ” Zhao made the strategic decision to relinquish his voting control in the local entity, a move aimed at ensuring alignment with regulatory requirements and facilitating the smooth acquisition of the license.
Confirmation of the license issuance came directly from CEO Richard Teng during a recent Bloomberg Television interview. Teng’s acknowledgment of this development highlights the importance of this accomplishment for Binance, reinforcing its position as the world’s largest digital-asset exchange. It’s worth noting that Binance’s subsidiary in Dubai had previously received an Operational Minimum Viable Product (MVP) license, a stepping stone that pa
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