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Cryptocurrency exchange Binance withdrew its quote for an investment-management license in Abu Dhabi, considering it unneeded to the business’s “worldwide requirements.” The exchange still has an application to provide custody of digital possessions to expert customers. “When evaluating our international licensing requirements, we chose this application was not required,” a Binance representative stated in an emailed declaration. Binance is accredited in Dubai, which is the business’s Middle East and North Africa head office, CEO Richard Teng stated in an interview for a Financial Times conference on Tuesday. The choice is unassociated to the exchange’s legal settlement in the U.S., where it consented to pay a $4.3 billion fine for breaching anti-money laundering and cash transmitter guidelines.
El Salvador is targeting bitcoin (BTC) and crypto millionaires in its most current push to draw in long-lasting locals to the nation. The country started its “Freedom VISA” program on Thursday,
