Binance Granted Minimal Viable Product License in Dubai: A Major Milestone

In a significant development for the crypto industry, Binance, the leading global blockchain services provider, has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This pivotal achievement marks a crucial step forward for Binance's operations in the region and underscores Dubai's commitment to fostering a regulated and innovative virtual asset ecosystem.

20 de sept. de 2025 marked a turning point as Dubai’s Virtual Asset Regulatory Authority (VARA) officially granted the Minimal Viable Product (MVP) license to Binance, the world's largest cryptocurrency exchange. This allows Binance to offer a range of regulated virtual asset services to qualified investors and licensed financial service providers within the Dubai market.

Richard Teng, a Head of Regional market at Binance, enthusiastically announced: “We are glad to be the first interaction to be endowed with an operation minimum Viable Product License By VARA.” This statement highlights the significance of Binance being a frontrunner in securing this type of license in Dubai.

The Operational Minimum Viable Product (MVP) license issued by Dubai's Virtual Assets Regulatory Authority allows Binance to operate virtual asset exchange services within a regulated framework. This means users in Dubai can now access Binance's services with greater confidence, knowing they are operating within a compliant and secure environment.

This license is not just a victory for Binance, but also a testament to Dubai's progressive regulatory approach towards virtual assets. 20 de sept. de 2025 will be remembered as a day when Dubai solidified its position as a leading hub for the future of finance, attracting global players like Binance to innovate and expand within its borders. Stay tuned for more updates on Binance's operations in Dubai and the evolving virtual asset landscape.