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Home Cryptocurrency
Bitcoin Surges Over $46,000 as Bulls Eye Positive Progress on Crypto Tax Bill

Binance Strengthens Mideast Presence With Dubai License By Benzinga

Information Portal by Information Portal
March 17, 2022
in Cryptocurrency
Reading Time: 1 min read
0

© Reuters. Binance Strengthens Mideast Presence With Dubai License

  • Cryptocurrency exchange Binance has received the license for its Dubai operations, Bloomberg reported.
  • The approval comes days after Bahrain approved Binance’s operations, thus boosting its middle-east presence.
  • Binance will be permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers.
  • The report further noted that UAE is issuing federal licenses to virtual asset service providers in an effort to provide a regulated environment for crypto trading.
  • The country has issued a license to another major cryptocurrency exchange, FTX.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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