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Binance Receives Provisional Approval to Operate as Crypto Broker-Dealer in Abu Dhabi

Amy Liu

Summary: According to coindesk, Binance 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 ...

According to coindesk, Binance 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.

By Amy Liu

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Link: Binance Receives Provisional Approval to Operate as Crypto Broker-Dealer in Abu Dhabi   [Copy]
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