Binance Gets Abu Dhabi Crypto Nod as Billionaire CEO Touts UAE

The United Arab Emirates, in particular, has become a preferred jurisdiction for cryptocurrency exchanges. FTX, one of Binance's main competitors, He received a virtual asset service provider (VASP) license in Dubai last month. BitOasis, the first VASP to be recognized in the country, also obtained provisional approval from the regulator. Bybit and Crypto.com are also expanding their presence.