Binance Withdraws Abu Dhabi Fund License Application Amid Ongoing Regulatory Uncertainty
• Binance withdrew its application for an investment fund license in Abu Dhabi • The license would have allowed Binance to manage a collective investment fund in the UAE • Binance has withdrawn several license applications and exited multiple markets this year due to regulatory concerns • Binance remains committed to working with regulators, including in the Middle East • Binance still holds some permissions from Abu Dhabi and Bahrain regulators, as well as a license in Dubai