Binance obtains Dubai VASP license, Bloomberg reports CZ relinquishes voting control for approval

According to Bloomberg, Binance’s subsidiary in the United Arab Emirates, Binance FZE, has finally obtained the long-awaited Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), after founder Zhao Changpeng (CZ) agreed to relinquish voting control over local entities.