Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Abu Dhabi has allowed Binance to provide cryptocurrency custody


The city’s Financial Services Regulatory Authority (FSRA) has allowed Binance, the world’s largest cryptocurrency exchange, to operate in Abu Dhabi’s Global Market (ADGM)

Binance will be able to provide custody services to institutional investors thanks to the FSP, as long as they meet the Financial Services Regulatory Authority’s regulations (FSRA).

“We look forward to supporting Binance’s operations and R&D in ADGM to develop solutions for the Web3.0 economy,” said Ahmed Jasim Al Zaabi, Chairman of ADGM.

“Working with the ADGM and FSRA has been a highly collaborative process that underscores the value of cooperation between our industry and the public sector,” MENA and Europe Regional Head Richard Teng stated.

Binance received In-Principle Approval (IPA) from the ADGM authority to serve as a virtual asset broker in April 2022.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Recommended Posts