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Binance Said to Be in Talks for License to Operate in Dubai (1)

March 9, 2022, 2:03 PM

Binance Holdings Ltd. is in talks over a license to operate in Dubai, further bolstering its presence in the Middle East, a person familiar with matter said.

The firm is in discussions with Dubai World Trade Centre free zone for a virtual asset service provider license, the person said, declining to be identified as the matter is private.

Binance, the world’s largest cryptocurrency exchange by trading volume, has already received in-principle approval from Bahrain’s central bank to be a crypto-asset service provider in the kingdom.

For Dubai, the move is part of efforts to attract some of the world’s biggest ...