Categories: Economy

Binance to Transfer UAE Accounts to Regulated Platform in Compliance with Virtual Asset Services Provider License

Binance, a leading cryptocurrency platform, has recently announced that it will transfer its traders’ accounts in the UAE from Binance Global to Binance Free Zone, which is regulated by the Dubai Virtual Assets Regulatory Authority (VARA). The platform received a Virtual Asset Services Provider (VASP) license for its local trading platform in Dubai, called “Binance Free Zone”. In order to comply with the requirements for this transfer, all users residing in the Emirates will be contacted gradually via email to update their identity documentation information by submitting specific documents before the deadline for identity verification on December 15, 2024.

Affected users will receive continuous updates and correspondence throughout the process until all UAE resident accounts are successfully transferred. The transfer will not affect users’ current access to their accounts, and they can continue using the products and services available on Binance Global until December 15. After this date, accounts will be transferred to Binance Free Zone, with login information remaining the same.

It is important for users to update their identity verification information promptly to prevent their accounts from being restricted to making withdrawals only.

In addition to Binance news, there are various articles and resources available related to the Pin Up Casino system. These resources cover topics such as registration and login processes, the importance of choosing licensed casinos, strategies for maintaining balance while gambling, and the role of social networks in shaping modern leisure trends. Furthermore, there are discussions on topics such as data security in digital games, biometric applications for personal identification in entertainment apps, and innovative payment solutions for online platforms.

The evolving landscape of Fintech in the gaming industry, the impact of advanced technologies on gamification

Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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