{"id":571544,"date":"2022-05-24T14:12:13","date_gmt":"2022-05-24T13:12:13","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=571544"},"modified":"2022-05-24T14:24:34","modified_gmt":"2022-05-24T13:24:34","slug":"binance-crypto-trading-emirates-june","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-crypto-trading-emirates-june\/","title":{"rendered":"Binance Could Launch Crypto Trading Services In The Emirates By June 2022"},"content":{"rendered":"\n<ul><li>Trading might kick off as early as June this year<\/li><\/ul>\n\n\n\n<ul><li>Binance is working with local banks to fast track progress<\/li><\/ul>\n\n\n\n<ul><li>CZ\u2019s company is also on a hiring spree for its new regional headquarters in the Gulf region<\/li><\/ul>\n\n\n\n<ul><li>The exchange previously secured a crypto license from Emirati authorities in Abu Dhabi, Bahrain, and Dubai<\/li><\/ul>\n\n\n\n<ul><li>A European expansion is also in the works with regulatory approval in France and talks with German market supervisors<\/li><\/ul>\n\n\n\n<p>Binance is set to launch its full-stack regulated cryptocurrency trading platform across jurisdictions in the Emirates as the exchange pushes to establish a presence in the Middle East.<\/p>\n\n\n\n<p>According to <a href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3178534\/binance-readies-licensed-cryptocurrency-platform-middle?module=perpetual_scroll_0&amp;pgtype=article&amp;campaign=3178534\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3178534\/binance-readies-licensed-cryptocurrency-platform-middle?module=perpetual_scroll_0&amp;pgtype=article&amp;campaign=3178534\" rel=\"noreferrer noopener nofollow\">SCMP<\/a>, the service could launch as early as June 2022. CZ\u2019s exchange is working with local banks and hiring compliance experts across the Emirates to ensure the platform aligns with established regulatory policies, per the report.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"und\" dir=\"ltr\">\ud83d\udc40 <a href=\"https:\/\/t.co\/Yg9xfC700X\" rel=\"nofollow\">https:\/\/t.co\/Yg9xfC700X<\/a><\/p>&mdash; CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1529035599994404864?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 24, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The company\u2019s regional chief in the Middle East and North Africa, Richard Teng, explained that Binance hopes to contribute to the adoption of cryptocurrencies in the region and help build the growing digital economy in the Emirates.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>Regulators in the Middle East region see that supporting the development of crypto assets is critical in developing the Web 3 ecosystem. Trading cryptocurrencies is just one of the business areas that we could deploy in the region, and there are many more opportunities besides trading.<\/p><\/blockquote>\n\n\n\n<h2>Binance Expands Into The Gulf Region and Europe<\/h2>\n\n\n\n<p>Changpeng Zhao\u2019s company previously secured approval from the Virtual Asset Regulatory Authority (VARA) in Dubai to offer digital asset exposure to investors. Around the same time, the world\u2019s largest exchange also bagged a crypto license from market supervisors in <a href=\"https:\/\/www.forbes.com\/sites\/zinnialee\/2022\/03\/15\/binance-wins-crypto-license-in-bahrain-amid-middle-east-expansion\/?sh=6a49024e452e\" rel=\"noopener\">Bahrain<\/a>.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"671\" height=\"1024\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2-671x1024.jpg\" alt=\"\" class=\"wp-image-571549\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2-671x1024.jpg 671w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2-197x300.jpg 197w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2-770x1175.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2-1007x1536.jpg 1007w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2-269x410.jpg 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2-746x1138.jpg 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Image-from-iOS-2.jpg 1170w\" sizes=\"(max-width: 671px) 100vw, 671px\" title=\"\"><figcaption>CZ and The Crown Prince of Bahrain (Source: bahraincpnews)<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/binance-crypto-approval-in-abu-dhabi\/\">EWN<\/a> reported in April that Binance was approved as a broker-dealer for digital assets in Abu Dhabi as well. The news marked another landmark moment as the company moves toward achieving regulatory compliance and setting up a foothold in the region.&nbsp;<\/p>\n\n\n\n<p>CZ\u2019s company has eyes on Europe as well after <a href=\"https:\/\/en.ethereumworldnews.com\/binance-bags-regulatory-approval-from-french-market-supervisors\/\">French regulators<\/a> granted the exchange a Digital Asset Service Provider (DASP) license. The Binance chief also confirmed that a crypto license in <a href=\"https:\/\/en.ethereumworldnews.com\/binance-crypto-license-germany\/\">Germany<\/a> could be next on the company\u2019s European expansion roadmap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading might kick off as early as June this year Binance is working with local banks to fast track progress CZ\u2019s company is also on a hiring spree for its new regional headquarters in the Gulf region The exchange previously secured a crypto license from Emirati authorities in Abu Dhabi, Bahrain, and Dubai A European expansion is also in the works with regulatory approval in France and talks with German market supervisors Binance is set to launch its full-stack regulated [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":571545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,26],"tags":[1119,1236,108378],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571544"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=571544"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571544\/revisions"}],"predecessor-version":[{"id":571550,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571544\/revisions\/571550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/571545"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=571544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=571544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=571544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}