In a major regulatory victory, Binance has obtained a full crypto license in Dubai. This came after Binance co-founder Changpeng Zhao agreed to give up voting control in the local entity. The Virtual Asset Service Provider (VASP) permit obtained by Binance FZE in Dubai marks an important milestone for the world’s largest digital asset exchange. Interestingly, Binance has been given the VASP license by the Virtual Assets Regulatory Authority (VARA), even though it has had problems with regulations and has been hit with a big fine in the US. This license lets Binance offer more services in Dubai, helping big businesses and regular people trade cryptocurrencies.