Dubai Issued Licences to Two Crypto Exchanges

The Dubai authorities issued licences to the Binance and FTX cryptocurrency exchanges.

According to Bloomberg, the FTX cryptocurrency exchange received its licence on March 15. The firm plans to open an office in the emirate to provide services with crypto products.

The Binance exchange has also received a licence to do business in Dubai.

Both platforms have been authorized to provide limited exchange-traded products and services to qualified investors and professional financial service providers.

On March 11, Dubai authorities passed a law on the regulation of virtual assets and established a relevant regulatory body.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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