Binance Becomes First Crypto Exchange to Secure Global Licenses From FSRA

utoday12-08

Binance, the world’s largest cryptocurrency exchange, secured a triple license under the Abu Dhabi Global Market (ADGM), a move that further positions the exchange as a leader in the crypto industry. ...

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Binance’s CEO Richard Teng explained this, emphasizing that the approval provides the regulatory clarity and legitimacy needed to support Binance’s global operations, giving users worldwide greater confidence in the exchange’s long-term stability.Binance expands its global footprint According to the announcement, the ADGM regulatory framework is globally respected across the the traditional and digital global markets. Hence, the license propels Binance for further expansion as it allows the exchange to seamlessly access multiple markets across the global space.With Binance now holding an FSRA license under the Abu Dhabi regulatory framework, the exchange is considered to have duly met the highest international standards in governance, risk management and consumer protection.Interestingly, the announcement has come shortly after the exchange celebrated hitting a massive 300 million users across the globe. 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