{"id":91104,"date":"2024-04-19T00:00:00","date_gmt":"2024-04-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/"},"modified":"2024-04-19T00:00:00","modified_gmt":"2024-04-19T00:00:00","slug":"binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/","title":{"rendered":"Binance set to become accessible to retail investors after bagging VASP license in Dubai"},"content":{"rendered":"

Binance receives full-fledged license to operate in Dubai: <\/strong>The world\u2019s largest cryptocurrency exchange, Binance<\/a>, is all set to offer its services as a Virtual Asset Service Provider (VASP) in Dubai after Dubai\u2019s Virtual Assets Regulatory Authority (VARA) granted the exchange the license yesterday, according to the crypto watchdog\u2019s public register<\/a>. The license allows Binance to expand its offerings to retail customers. The initial MVP license it held since mid-2023<\/a> allowed the exchange to offer services to institutional and qualified investors.<\/p>\n

The clincher:<\/strong> Binance obtained the permit after co-founder Changpeng Zhao ceded his voting rights in the exchange\u2019s Dubai unit, Bloomberg<\/a> reports, citing sources familiar with the matter. Zhao\u2019s departure was VARA\u2019s final condition for granting Binance the license. The condition was set out to ensure Dubai\u2019s compliance with the agreement Binance reached with US authorities for Zhao to step down as CEO<\/a>, according to Bloomberg\u2019s sources.<\/p>\n

Background:<\/strong> Binance agreed to pay USD 4.3 bn in penalties after the former CEO of the cryptocurrency exchange pleaded guilty last November<\/a> to breaching US anti-money laundering laws over failing to report over 100k suspicious transactions with organizations including Hamas, Al Qaeda, and ISIS. The crypto platform also failed to report transactions with websites selling child abuse content and was one of the biggest recipients of spoils from hackers using ransomware.<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto exchange obtained the license after co-founder Zhao gave up his voting rights<\/p>\n","protected":false},"author":1,"featured_media":91105,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1558],"tags":[107,87,7,1012],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-crypto","tag-dubai","tag-enterpriseam-uae","tag-virtual-assets-regulatory-authority","wpautop","entry"],"acf":{"mongo_id":"5f01da63-8d7e-49d6-a68c-bd0416e5c2a0","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1294.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Binance set to become accessible to retail investors after bagging VASP license in Dubai","related_issue":[91095],"teaser":"The crypto exchange obtained the license after co-founder Zhao gave up his voting rights","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.535c7c0a-6717-4d52-a10b-b4b24d3648d2.mp3"},"yoast_head":"\nBinance set to become accessible to retail investors after bagging VASP license in Dubai - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance set to become accessible to retail investors after bagging VASP license in Dubai\" \/>\n<meta property=\"og:description\" content=\"The crypto exchange obtained the license after co-founder Zhao gave up his voting rights\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Binance set to become accessible to retail investors after bagging VASP license in Dubai\",\"datePublished\":\"2024-04-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/\"},\"wordCount\":238,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CRYPTO\",\"Dubai\",\"EnterpriseAM UAE\",\"Virtual Assets Regulatory Authority\"],\"articleSection\":[\"CRYPTO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/\",\"name\":\"Binance set to become accessible to retail investors after bagging VASP license in Dubai - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance set to become accessible to retail investors after bagging VASP license in Dubai\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Binance set to become accessible to retail investors after bagging VASP license in Dubai - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/","og_locale":"en_US","og_type":"article","og_title":"Binance set to become accessible to retail investors after bagging VASP license in Dubai","og_description":"The crypto exchange obtained the license after co-founder Zhao gave up his voting rights","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/","og_site_name":"UAE","article_published_time":"2024-04-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Binance set to become accessible to retail investors after bagging VASP license in Dubai","datePublished":"2024-04-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/"},"wordCount":238,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1","keywords":["CRYPTO","Dubai","EnterpriseAM UAE","Virtual Assets Regulatory Authority"],"articleSection":["CRYPTO"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/","name":"Binance set to become accessible to retail investors after bagging VASP license in Dubai - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1","datePublished":"2024-04-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/19\/binance-set-to-become-accessible-to-retail-investors-after-bagging-vasp-license-in-dubai\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Binance set to become accessible to retail investors after bagging VASP license in Dubai"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1294.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=91104"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91104\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/91095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/91105"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=91104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=91104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=91104"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=91104"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}