CEO Richard Teng says Binance has secured a full licence to serve both institutional and retail investors out of Dubai
The licence would have allowed the crypto exchange firm to manage a collective investment fund
The exit of CZ from Binance and his subsequent legal troubles in the US is just another unsurprising drama enveloping the controversial world of cryptocurrencies.
Crypto currency exchange Binance has seen almost $1bn in outflows after Changpeng Zhao stepped down to settle a US probe.
Zhao, who was born in China and moved to Canada at the age of 12, pleaded guilty in a Seattle court on Tuesday afternoon
The contest is open to all existing and new Binance users as well as F1 enthusiasts worldwide
Binance Bahrain BSC is the first regulated exchange in the region to offer these services and the only exchange with a CAT4 licence
Focusing on engaging with regulators and policymakers to ensure secure and sustainable growth of the crypto ecosystem is key
Digital asset platforms are facing a crisis in investor confidence following the collapse of FTX exchange
Details on the size of the fund and the projects to support are still not decided and it’s likely several weeks before the vehicle takes off
The permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by FSRA
Binance Holdings is now set to acquire FTX.com in what would be a radical consolidation of power in the crypto world
Binance recently obtained a minimal viable product license from Dubai’s Virtual Asset Regulatory Authority to offer approved virtual asset-related services
The licence is an important milestone that follows a number of registrations for Binance’s local entities in the MENA region and across Europe in Italy, France and Spain
Nigeria is targetting digital technology as a means to help diversify the economy away from crude oil
The transactions were stuck because they were submitted to the exchange with low transaction fees
Agreement will see Majid Al Futtaim and Binance work jointly on non-fungible tokens and crypto payments with Binance Pay
The Museum of the Future intends to develop assets within the fields of NFTs, cryptocurrencies and the blockchain
The ‘Mystery Box Collection’ is scheduled to go live at 3pm on May 3, 2022
Upon completion of the application, Binance will be able to offer services regarding virtual asset offerings to customers across the MENA region
The company will be allowed to offer limited exchange products and services to pre-qualified investors and professional financial service providers
Bahrain is the first GCC country to issue regulatory approvals to the blockchain and cryptocurrency infrastructure provider
Bahrain has been one of the Middle East’s early adopters in the digital assets space
The UAE has intensified its push to adopt the use of blockchain in recent years
Dubai is reportedly being regarded as an option for the company’s global headquarters