Binance Receives Approval As Digital Asset Broker-Dealer in Abu Dhabi

The world’s largest blockchain and cryptocurrency exchange Binance received approval in principle from Abu Dhabi Global Market (ADGM) to operate as a digital asset broker-dealer. After securing licences in Bahrain and Dubai, @binance secured in-principle approval in Abu Dhabi Global Market, third approval in a month. This makes @binance the most licensed and compliant virtual asset operator in the region.@cz_binance 👏 — ₿en Todar (@BenTodar) April 10, 2022 Financial Services Permission (FSP) of Binance Approved In 2018, the international financial center of Abu Dhabi, ADGM introduced a robust virtual asset regulatory framework. ADGM is an established global business platform for virtual asset activities, with the objective to encourage the economic growth of UAE’s capital. Additionally, ADGM ensures the transparency and integrity of the marketplace. CEO of ADGM’s Registration Authority, Dhaher bin Dhaher said, “We are pleased that Binance has been awarded an IPA in the ADGM and are excited to support them as they work towards establishing their foothold and presence in Abu Dhabi.” Discussing furthermore ADGM, Dhaher bin Dhaher states that the Market is the biggest regulated jurisdiction of virtual assets in the MENA region. He adds, “Binance’s participation will add to its trusted ecosystem of virtual asset trading venues, global exchanges, and service providers.” Binance Expands In The Commercial Capital of UAE In response t...