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Binance Crypto Exchange Withdraws Abu Dhabi Licence Bid

by Editor December 8, 2023, 9:35 am 1.1k Views

Binance Withdraws Abu Dhabi Licence Bid as Crypto Exhange Reassesses Global Structure After CEO Turmoil

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount.

The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi’s financial regulator, a spokesperson for Binance said on Thursday.

The request, filed a year ago and withdrawn on November 7, would have allowed the firm to manage a collective…

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