According to Hong Kong media Ming Pao, Deepa Raja Carbon, managing director and vice chairperson of the Dubai Virtual Asset Regulatory Authority (VARA), said that after the turmoil in the virtual asset industry, people prefer to have clear regulations, which is why international exchanges come to Dubai to develop their business. Hong Kong and Dubai have very similar DNA, and the supervision of virtual assets in various regions does not need to be consistent, but the coordination between regulato...
Binance announced that it has been granted a Virtual Asset Service Provider (VASP) license by the Dubai Virtual Assets Regulatory Authority (VARA) for local exchange Binance FZE located in Dubai. All UAE residents' accounts will be transferred from Binance Global Exchange to the VARA-regulated Binance FZE exchange.