Binance's Global Push: Indian Market Return, Dubai Crypto License, and USDC Move Amid Nigerian Tensions
April 18, 2024Binance Holdings Ltd. is expanding globally, successfully re-entering the Indian market after a $2 million regulatory settlement.
The company has achieved full crypto licensure in Dubai, extending services to a wide range of investors.
Binance has bolstered the reliability of its Secure Asset Fund for Users (SAFU) by converting it to the USDC stablecoin.
In Nigeria, a Binance compliance officer's detention has prompted White House involvement to address the issue.
These developments highlight Binance's dedication to regulatory compliance and transparency during its international growth.
Summary based on 13 sources
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Sources
ReadWrite • Apr 18, 2024
Binance obtains virtual asset service provider license in DubaiCoinDesk • Apr 18, 2024
Binance Could Come Back to India by Paying $2M Fine: ReportCoinDesk • Apr 18, 2024
Binance Secures Full Virtual-Asset Services Provider License in DubaiCointelegraph • Apr 18, 2024
Binance gets Dubai crypto license following CZ's departure: Report