Binance has obtained a virtual asset securities provider (VASP) license from Dubai's Virtual Assets Regulatory Authority, enabling its Dubai arm to extend services to retail and institutional markets. With this license, Binance FZE will introduce virtual asset loans and enhanced management services, including ETH staking and BNB Vault. This development follows the license upgrade after significant changes in leadership, with former CEO Changpeng Zhao stepping down amid legal challenges. Meanwhile, Binance has transitioned its Secure Asset Fund for Users (SAFU) to USDC to bolster fund stability and transparency. Amidst these advancements, the situation with a detained executive in Nigeria remains tense, with international discussions ongoing to resolve the matter.
