Binance's Local Exchange Receives Dubai License, Initiates UAE User Migration
Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals.

Binance’s Local Exchange in UAE Now Licensed
Crypto exchange Binance announced on Wednesday that United Arab Emirates (UAE) resident accounts will be transitioned to Binance FZE, its regulated local entity in Dubai, following the receipt of a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority. This move establishes Binance FZE as a regulated local entity in Dubai, distinct from the Binance Global Exchange.