DUBAI — Binance is the first exchange in the world to secure an Operational MVP License from Dubai’s Virtual Assets Regulatory Authority (VARA).
Users who qualify will now be able to access regulated virtual asset services in Dubai under VARA’s investor protection and market assurance standards.
This milestone achievement affirms Binance’s commitment to building a compliant exchange in collaboration with local regulators.
“We are pleased to announce that our Dubai subsidiary, Binance FZE, has become the first exchange to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA),” stated Binance in a recent blog post.
The Operational MVP license enables Binance to offer services in Dubai approved by VARA, including exchange and broker-dealer services — initially to institutional and qualified retail investors.