{"id":10531,"date":"2023-12-09T13:05:56","date_gmt":"2023-12-09T10:05:56","guid":{"rendered":"https:\/\/entarabi.com\/?p=10531"},"modified":"2023-12-09T13:19:23","modified_gmt":"2023-12-09T10:19:23","slug":"binance-announces-the-cancellation-of-bv-investment-management-limiteds-license-to-manage-a-collective-investment-fund","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2023\/12\/binance-announces-the-cancellation-of-bv-investment-management-limiteds-license-to-manage-a-collective-investment-fund\/","title":{"rendered":"Binance\u00a0 announces the cancellation of BV Investment Management Limited\u2019s license to manage a collective investment fund"},"content":{"rendered":"<div class=\"flex-shrink-0 flex flex-col relative items-end\">\n<div>\n<div class=\"pt-0.5\">\n<div class=\"gizmo-shadow-stroke flex h-6 w-6 items-center justify-center overflow-hidden rounded-full\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"2012360f-96dd-4247-9a8f-1e49d03890fb\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p style=\"text-align: left\">Binance has announced the cancellation of the license held by BV Investment Management Limited to manage a collective investment fund. This decision comes after a thorough assessment of the company&#8217;s global licensing needs.<\/p>\n<p style=\"text-align: left\">The spokesperson for Binance emphasized the significance of Abu Dhabi&#8217;s role in the digital and virtual asset system, highlighting their commitment to supporting responsible innovation and growth while fully focusing on safeguarding user interests.<\/p>\n<p style=\"text-align: left\">Binance reaffirmed its dedication to continued collaboration with regulatory authorities to deliver world-class services in the Middle East and beyond.<\/p>\n<p style=\"text-align: left\">Binance (AD) Limited confirmed the retention of its financial services license to carry out regulated deposit activities related to virtual assets.<\/p>\n<p style=\"text-align: left\">The decision to cancel the license specifically pertains to the financial services provider license held by BV Investment Management Limited for managing a collective investment fund only. Despite the license cancellation, Binance will continue to review this decision.<\/p>\n<p style=\"text-align: left\">Regarding the impact on users, the statement clarified that Binance&#8217;s global platform remains unaffected, and Binance (AD) Limited retains its license for regulated deposits in the virtual asset domain.<\/p>\n<p style=\"text-align: left\">The statement underscored that this decision is not considered a withdrawal from Abu Dhabi. The voluntary cancellation of the financial services provider license held by BV Investment Management Limited is specific to managing a collective investment fund. Binance (AD) Limited continues to hold its license to provide financial services in the virtual asset sector.<\/p>\n<p style=\"text-align: left\">In conclusion, the statement reiterated Binance&#8217;s commitment to full cooperation with regulatory authorities in Abu Dhabi and elsewhere, ensuring the delivery of high-quality services in the Middle East and beyond.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance has announced the cancellation of the license held by BV Investment Management Limited to manage a collective investment fund. This decision comes after a thorough assessment of the company&#8217;s global licensing needs.<\/p>\n","protected":false},"author":11,"featured_media":10527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[2483,2484],"class_list":["post-10531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-binance-en","tag-bv-investment-management-limited-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/10531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=10531"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/10531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/10527"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=10531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=10531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=10531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}