April 6, 2023

Binance News: Dubai Requests Additional Info

Binance News: Dubai Asks for Additional Info

We have the latest news regarding the global crypto giant Binance, who has just been asked to submit additional information to the financial body in Dubai. Reports suggest that this request comes after Binance had announced its intention to set up a branch in the region.

The business regulatory authority of Dubai recently requested additional info from Binance to assess the possibility of setting up a branch in Dubai. Binance is expected to provide more information on their operations, financials as well as corporate structure.

This development comes shortly after Changpeng Zhao, CEO of Binance had a meeting with WAMA – the World Asset Management Authority. The meeting discussed about various possibilities for a partnership between both parties.

Though this news has not been officially confirmed by either party, speculations have started flowing regarding what this could mean for Binance’s future plans. It can be assumed that this move could eventually result in a successful partnership between WAMA and Binance.

At present, both companies are assessing their options before making any concrete decisions about it. We’ll keep you updated on any further developments in this regard.

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