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Asharq Al-Awsat

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Asharq Al-Awsat

FORGOTTEN HISTORY: Abu dhabi global market grants in principle approval for binance | History Defined

Binance ADGM Abu Dhabi WAM MENA UAE

A representation of the cryptocurrency is seen in front of Binance logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), to operate as a broker-dealer in virtual assets, state news agency WAM reported.

ADGM, the International Financial Centre in the capital of the UAE, introduced the world’s ﬁrst comprehensive and robust virtual asset regulatory framework in 2018, and has since established itself as a leading global hub and business platform for virtual asset activities for local, regional and international organizations.

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