Binance users in the UAE will transition to Binance FZE

ChainCatcher news, Binance announced that it has obtained a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA), which applies to the local exchange Binance FZE located in Dubai. All accounts of UAE residents will be transferred from Binance's global exchange to the VARA-regulated Binance FZE exchange.

UAE resident users will gradually receive emails requesting them to submit documents and update KYC information before the KYC deadline (December 15, 2024).