Binance: Earns in-principal approval from ADGM
- Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product
- Received its IPA for a FSP from the FSRA of Abu Dhabi Global Market (ADGM) to operate as a broker-dealer in virtual assets
- Applying for the FSP from the ADGM FSRA is part of its plans in establishing itself as a fully-regulated virtual asset service provider
- Introduced the world’s first comprehensive and robust virtual asset regulatory framework in 2018
- ADGM is the largest regulated jurisdiction of virtual assets in MENA region
- ADGM’s virtual asset framework is well recognised globally for its inclusive regulations and robust provisions
