StocksJar » Business » Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi

Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi

The crypto exchange is seeking to be a fully regulated virtual asset service provider throughout the Middle East and beyond.

2022-04-10
Business, Cryptocurrencies

Binance said it received provisional approval to operate as a broker-dealer in virtual assets in Abu Dhabi, a step toward becoming a fully regulated crypto service provider in the capital of the United Arab Emirates.

Specifically, the world’s largest crypto exchange by volume said it received In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (the FSRA) of Abu Dhabi Global Market (ADGM).
The company already has received approval in Bahrain and is reportedly in talks to gain one in Dubai.
Upon the successful completion of its ADGM FSRA application, Binance said it will then be able to offer its services regarding virtual asset offerings to customers across the Middle East and North Africa (MENA) region, through its subsidiary Binance (AD) Limited.

Read this article on CoinDesk

Trading Signals

Get Free Daily Trading insight

Looking For Passive Income? This Dividend Portfolio Will Pay You Monthly

Charlie Munger revealed why he lived in the same house for decades instead of upgrading to keep up with his rich friends

‘The Richest Country In The World Is Now Bankrupt’ — Robert Kiyosaki Says The U.S. Can’t Pay The Interest On Its Debt. Here’s How He’s Protecting Himself

Four Magnificent Seven Stocks That Funds Are Now Buying In Droves

Buffett’s Berkshire Hathaway says Haslams offered bribes to inflate Pilot truck stops earnings

nCino (NCNO) Q3 2024 Earnings Call Transcript

Five Below (FIVE) Q3 2023 Earnings Call Transcript

5 Quotes to Make You Smarter, Happier, and Richer

Unlock Daily Trading insight

Get The Latest technical and fundamental updates. Make informed decisions based on Top Analysts’ activity

StocksJar is a comprehensive investing tool and social trading network for private investors and day traders to help them to gain an advantage before trading.

Main

Other brokers listings:

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.

StocksJar.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.