Binance Withdraws Abu Dhabi Licence Bid Amid Regulatory Pressure

Amid global regulatory scrutiny, Binance has withdrawn its Abu Dhabi license application

BV Investment Management, Binance's unit, pulled the request that was filed a year ago

Binance also clarifies that this decision is "unrelated" to the $4.3 billion U.S. settlement over anti-money laundering violations

This decision might impact Binance's operations in Dubai and Abu Dhabi

Binance's commitment to the Middle East remains strong, with plans to reveal its new global headquarters soon

Binance's withdrawals from Germany, Cyprus, and the Netherlands, along with operational adjustments in Belgium and the UK, signal the evolving landscape.