TechFlow reported, according to Reuters, a Binance spokesperson said on Thursday that BV Investment Management, an investment firm under Binance, has voluntarily withdrawn its license application with Abu Dhabi's financial regulator.
Binance stated the move comes after reassessing global licensing requirements and determining the application was no longer necessary. The withdrawal is unrelated to Binance’s settlement with the U.S. Department of Justice. Binance will announce the location of its global headquarters at an appropriate time and emphasized its ongoing commitment to collaborating with regulators to deliver high-quality services and products in the Middle East and other regions.
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