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Binance: Earns in-principal approval from ADGM

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
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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