TechFlow News, March 16 — Binance announced today that it has obtained a Virtual Asset License issued by Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant milestone enabling Binance to operate seamlessly within Dubai’s “Pilot-Adapt-Scale” virtual asset market model and serving as a foundation for its regional expansion. Additionally, Binance will be permitted to offer specific exchange products and services to pre-qualified investors and professional financial service providers.
Binance founder and CEO Changpeng Zhao (CZ) stated, “We are pleased to receive this license. Binance will contribute industry-leading compliance collaboration expertise to Dubai’s virtual asset regulatory framework. VARA is creating a unique operational model that can shape the future of the global virtual asset industry.” The virtual asset trading license from VARA will allow Binance to launch its regional operations from Dubai within a new regulatory ecosystem governed by local laws and internationally applicable policy frameworks.
