Binance Secures Dubai License

Binance, the world's top crypto exchange, got a license in Dubai after its co-founder, Changpeng Zhao, gave up voting power.

The license came from VARA, Dubai's regulatory authority, with a condition that Changpeng Zhao relinquish control.

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This marks a big win for Binance, which faced scrutiny after the FTX collapse and a $4.3-billion settlement in the US.

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