grandmaster - What is meant by Licensed in FIDE website? - Chess

I was browsing the candidates' profiles of the FIDE World cup on the official website and noticed something interesting. On the profile page of GM Vladislav Kovalev, a Belarusian chess GM, has an

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The title Grandmaster is awarded to outstanding chess players by FIDE. Apart from World Champion, Grandmaster is the highest title a chess player can

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