Binance Withdraws Abu Dhabi Licence Bid as Crypto Exhange Reassesses Global Structure After CEO Turmoil

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.

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IM-Knowledge

My name is Imran Mohammad Khan, and I enjoy blogging and talking about my ideas and experiences with other people. I'm a passionate writer and I like to produce stuff that aids in people's growth and learning. I'm constantly seeking for fresh ways to communicate with others and express myself. I really think that Knowledge is Power and work to impart it to everyone around me. I enjoy learning new things in the fields of Science and Space.

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