Abu Dhabi's market has granted Binance, the provider of blockchain and crypto-infrastructure infrastructure, a preliminary approval for a financial services permit from the Financial Services Regulatory Authority of the Abu Dhabi Global Market to be able to engage in brokerage services for trading in virtual assets.
Binance's application for a financial services authorization is part of its plans to establish itself as an authorized provider of full services for trading virtual assets.
According to Al Arabiya Net, the Abu Dhabi Global Market is the first international financial center to provide a comprehensive regulatory framework for the trading of virtual assets in the world in 2018, quoting the Emirates News Agency and WAM.
The CEO of the Abu Dhabi Global Market Registration Authority, Dhaher bin Dhaher Al Muhairi, said that ADGM is the largest regulatory authority for trading virtual assets in the Middle East and North Africa region, and Binance obtaining market approval would provide a qualitative addition to its vibrant and reliable business environment. Which benefit traders of virtual assets, global markets and service providers.
The regulatory framework for the trading of virtual assets in the Abu Dhabi Global Market enjoys a great global reputation, for its comprehensive regulations and strong provisions, and is part of the ongoing commitment of the Abu Dhabi Global Market, as an international financial center, to promote Abu Dhabi's economic growth and support Transparency and integrity in the marketplace.
ADGM continues to expand its business offerings and open up new investment opportunities in the UAE, enabling virtual asset trading partners such as Binance to support the growing financial requirements of investors and companies across the region.
Binance's Head of Middle East and North Africa, Richard Ting, said: "Binance works closely with global regulators, such as the Abu Dhabi Global Market, as part of its ongoing commitment to upholding global standards and promoting development and
