On October 24th, according to Cryptopolitan, Animoca Brands is now entering the crypto brokerage space after receiving approval in principle from the Dubai Virtual Asset Regulatory Authority (VARA). According to the official website of the Dubai Virtual Asset Regulatory Authority, Animoca Brands received approval in principle for the VASP service license of the crypto broker-dealer under the name "Animoca Brands Middle East Advisory FZCO".
Headquartered in Vienna, Bitpanda has been granted a broker-dealer license by the Dubai Virtual Asset Regulatory Authority (VARA).
Binance recently won a full cryptocurrency license in Dubai, the result of a long-sought move by the company. The condition is that Binance co-founder Changpeng Zhao (CZ) agrees to give up voting control of the local entity. Binance CEO Richard Teng confirmed the news in an interview on Thursday. The register of the Dubai Virtual Asset Regulatory Authority shows that Binance FZE, a local subsidiary of Binance, has held a stake in providing broker-dealer and exchange services since mid-2023.