Dubai and the UAE have officially requested further information from Binance on the company’s auditing procedures and ownership structure. This request comes as more crypto regulation emerges in the region. The Virtual Assets Regulatory Authority (VARA), the entity that oversees crypto activities in Dubai, has asked Binance to provide more information about its business, including details on its ownership structure, governance, and audit procedures.

Officials at Dubai’s Virtual Asset Regulatory Authority (VARA) have asked Binance in recent weeks to provide more information about its ownership structure, governance and audit processes. The Virtual Assets Regulatory Authority (VARA) in Dubai has asked Binance and other companies to provide more information on their ownership, management, and business operations. These requests highlight the increasing scrutiny and the push for transparency within the virtual asset industry in Dubai.

Are you following the latest developments in Dubai's crypto regulations and Binance's compliance? Stay informed about the ongoing discussions between VARA and Binance regarding their auditing procedures and ownership structure. Understanding these details is crucial for navigating the evolving landscape of virtual assets in the UAE.