Binance has been granted a Virtual Asset License to operate in Dubai, UAE after the country adopted its first law governing virtual assets and established VARA as a regulator to oversee the sector last week.
The crypto company will also anchor a blockchain technology hub in the Dubai World Trade Centre it said in a statement.
Financial regulators across the globe have often targeted Binance, with the platform banned from certain activities in some countries while others warned consumers that it was not licensed to operate in their jurisdictions.