Binance announced that it has received a Minimum Viable Product (MVP) license from the Dubai Virtual Assets Regulatory Authority (VARA), following a provisional license in March 2022.
Binance said the MVP license means that Binance offers a range of virtual asset-related services to qualified retail and institutional investors in Dubai within the framework of international benchmark legislation for Virtual Asset Service Providers (VASPs).
Such as virtual asset trading services, exchange services between virtual assets and legal tender, virtual asset transfers, custody, management, issuance and payment services.