Binance said it had gained a license to operate in Dubai, only days after it secured the first global crypto asset provider license in Bahrain. World no.3 crypto exchange FTX was the first crypto exchange to secure a license in Dubai. Both exchanges will now operate their regional businesses from the port city. Binance had said in December it was cooperating with the Dubai World Trade Centre Authority to set up a blockchain hub in the city. Today’s license is likely further progress to that end. Earlier this month, Dubai passed its first ever law to regulate the crypto sector, and formed a regulatory body for virtual assets. Bahrain also recently introduced banking regulation for cryptocurrencies. [link] [comments] |
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