Binance: Earns in-principal approval from ADGM

April 11, 2022

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

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