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Richard Teng, Binance's CEO, confirmed the news, highlighting the strategic importance of this achievement for the company's future.
This license allows Binance to operate with increased legitimacy, attracting a broader base of investors and providing a secure trading environment. By meeting Dubai's stringent regulatory requirements, Binance sets a high standard for compliance and operational transparency in the cryptocurrency industry.
Moreover, this milestone opens doors for Binance to expand its technological and financial services, further integrating into Dubai's growing cryptocurrency market.