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After Binance received a full license from VARA (Virtual Assets Regulatory Authority) in Dubai, UAE users had until December 15, 2024 to migrate their accounts to Binance Dubai (VARA-licensed local platform), which included major changes such as KYC updates and AED transaction support, allowing Binance to operate fully regulated in the UAE and provide users with a more secure and localized service, including more assets and local bank support. Key Updates: License : Binance received a full VASP (Virtual Asset Service Provider) license from Dubai's VARA, making it legal and regulated in the UAE. Migration : All users in the UAE had to switch from Binance Global to Binance Dubai, which required updating their KYC (Know Your Customer) information. Local Services : Binance Dubai now supports transactions in AED (UAE Dirham) and local bank transfers, making it easier for users to deposit and withdraw funds. Account and KYC: Users had to migrate their accounts and update their KYC details by December 15, 2024, otherwise the account would go into withdrawal mode only. Products: 300+ virtual assets are available and more local services are expected in the future. $BTC $ETH $XRP #BAINANCECELO #bainance #btc #update #market
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India ranks number 1 globally in cryptocurrency adoption for 2025 ll
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🇹🇴🇩🇦🇾 key crypto news highlights Bitcoin holding around $91,672 amid pressure from the upcoming US Federal Reserve rate decision, with the overall market experiencing a continued slide in December. Recent drops saw Bitcoin down 12% weekly and over 25% monthly due to fading hopes for aggressive rate cuts, while Ethereum dipped to $2,800, triggering $439 million in liquidations mostly from long positions. 🇲🇦🇷🇰🇪🇹 🇲🇴🇴🇩 focused firm Twenty One Capital plans NYSE listing on December 9 under ticker "XXI", potentially boosting institutional adoption. 🇺pcoming token unlocks include Baby Shark Universe (BSU) releasing $1.26 million on December 9 and Moca Network at $4.58 million, increasing supply and adding downward price pressure. 🇻olatility persists with global equities influencing crypto, as the Fear & Greed Index sits at 23/100 in "Extreme Fear" territory. 🇵otential 🇲arket Impact hawkish Fed signal could push #𝐁𝐓𝐂 below $90,000, extending the downturn, while dovish comments might spark recovery. High liquidations and unlocks signal short-term volatility, offering bottom-fishing opportunities but risks for leveraged positions. In India, ongoing 𝐕𝐃𝐀 platform restrictions may curb local trading volumes #BTC $ETH $BNB $XRP #crypto #ETHBreaksATH
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To build a strong cryptocurrency portfolio
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RLUSD approval in Dubai & Singapore, Ripple's acquisition of GTreasury, global regulation progress, ETF and institutional demand causing XRP supply to shrink. $BTC $XRP #xrp #BTC #sol #BAINANCECELO
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