Martino
Fri Jun 07 2024
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7 answers
1578
Why is Binance not working in the UAE? |. Binance maintains regulatory permissions in Dubai, its Middle East hub, despite withdrawing an Abu Dhabi license bid. Binance Labs Fund cancels Binance Abu Dhabi license applications, citing a shift to focus on startup incubation and low capital utilization
Why isn't Binance operational in the UAE? Despite having regulatory permissions in Dubai, which serves as its Middle East hub, Binance has seemingly withdrawn its bid for a license in Abu Dhabi. Could this be due to Binance Labs Fund's decision to cancel its Abu Dhabi license applications, citing a redirection of focus towards startup incubation and lower capital utilization? What factors might have influenced this shift in strategy? And what does this mean for the future of Binance's operations in the UAE?
