Binance says decision to withdraw Abu Dhabi license offer is not linked to US regulation

Ancient Binance CEO Chang Peng Zhao, WHO pleaded guilty has A crime count In THE United States In November, can not be able has back has THE United Arab Emirates Before be condemned.

Cryptocurrency exchange Binance unit In Abu Dabi has drawn A application with THE Emirate financial regulator, A move he complaints was unconnected has THE the company November regulation with authorities In THE United States.

In A statement has Cointelegraph on Dec. 7, A Binance spokesperson said THE exchange had selected not has move Before with A application with Abu Finance in Dhabi Services Regulatory Authority following A assessment of It is "global Licence needs." THE agreement, took of by B.V. Investment Management In November, would be to have allowed Binance has manage A collective investment funds.

THE spokesperson said Binance decision was "unconnected" has A $4.3 billion regulation with WE. authorities, In which Chang Peng “CZ” Zhao pleaded guilty has A crime charge And take a step down as CEO. Binance ancient head of regional the steps, Richard Teng, successful CZ And said Cointelegraph THE exchange was "totally different" following THE affair.

According to has It is website, Binance Limit always has authorisation has to drive financial services related has crypto jail In THE Abu Dabi Global Walk. THE spokesperson said Binance foreseen has continue functioning with global regulators as part of It is expansion —