Does anyone understand, family! This morning Binance officially announced it has shattered the internet —— becoming the first cryptocurrency exchange to obtain comprehensive authorization from Abu Dhabi ADGM! This is not an ordinary license; it is a 'reassurance' given by the sovereign nation UAE, marking Binance's stabilization after 5 years of turmoil, finally establishing a global base!
Old fans saw this news and were immediately broken: from the helplessness of having 'no headquarters' to now being fully endorsed by a sovereign nation, the bitterness and persistence along the way can only be understood by those who have truly followed Binance!
First, let's review this segment that has made all Binance people anxious: 'Global Wandering Diary':
👉 2017 China - born and then fled
Shanghai was only 2 months old when the 'September 4th Ban' struck, and ICOs and exchanges were completely banned. Binance packed up servers overnight and moved its core team, and before it could stabilize, it was forced to enter 'exile mode' — this was the starting point of a dream and the beginning of wandering.
👉 2017-2018 Japan - a brief safe haven ultimately becomes empty
Tokyo was once the first landing point, but unexpectedly, the Japanese FSA's regulatory iron fist came faster: operating without a license = criminal charges! Binance had to pack up its bags again and leave in haste. (Though it later returned to Japan through a licensing acquisition, the headquarters dream was completely shattered.)
👉 2018-2019 Malta - the 'betrayal' of Blockchain Island
Back then, how many people thought 'finally a home' when CZ was photographed in shorts with the Prime Minister of Malta! As a result, in 2020, the MFSA suddenly turned hostile: 'Binance was never authorized to operate in Malta'—an obvious eviction order. To this day, no one knows what pressure Malta truly bore, burying the opportunity for a shortcut.
👉 2019-2021 Singapore - the closest home turned into a bubble
CZ's long-term residency, heavy investment in setting up an office, and full effort to obtain MAS licensing made Singapore at one point 'the predetermined headquarters'. But after global regulations tightened, MAS directly placed Binance on the 'watch list', with anti-money laundering and KYC requirements so stringent that they were impossible to meet. Ultimately, Binance withdrew its application and closed Binance.sg, leaving CZ disheartened, adding another scar to his wandering journey.
Why is this UAE license an 'epic breakthrough'?
✅ The first global compliant license: ADGM is a top-tier global financial regulatory framework, and as the first fully authorized crypto exchange, Binance has effectively received a 'pass for the crypto industry'!
✅ Sovereign nations fully endorse: UAE is not a minor player; it is the financial center of the Middle East, actively embracing sovereign power in crypto — this means Binance finally has a 'solid backing' and no longer has to worry about sudden regulatory changes or forced relocation!
✅ A win-win situation of mutual effort: UAE aims to build a global crypto hub, while Binance seeks compliant land; Binance's technology and traffic combined with UAE's sovereign credit will directly ignite the imagination of the industry!
In 5 years, from China to Japan, from Malta to Singapore, Binance has faced skepticism, been expelled, and labeled as 'headquarter-less'. But CZ and the team never gave up on the path to compliance, and today they have finally established a foothold in the UAE!
This is not only the end for Binance but also a new starting point for the crypto industry — under the wave of compliance, a crypto ecosystem with sovereign backing will only become more stable and vibrant in the future!
🔥 Let's chat in the comments: From which part of your 'wandering history' did you start paying attention to Binance? Will this UAE license make you more optimistic about the future of crypto? Like and share to witness a historic moment in the crypto industry!
