Cryptocurrency exchange Binance has received the necessary license to provide crypto custody services to customers in Abu Dhabi.
Countries have started to show great interest in the developing and growing crypto industry. In the crypto market, which has a volume of billions of dollars, it is aimed to make the necessary regulations. Cryptocurrency exchanges, in particular, are expanding their services by obtaining licenses from various countries. One of these exchanges, Binance, is carrying out its global expansion efforts at full speed. Finally, the exchange received the required cryptocurrency custody license from Abu Dhabi.
Binance in Abu Dhabi
In the past months, Binance had received the necessary approvals from the Abu Dhabi Global Market. Finally, the exchange has also obtained the cryptocurrency custody license from Abu Dhabi.
Binance has received approval from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This approval is designated as a Financial Services Authorization (FSP).
“We look forward to supporting Binance’s operations and R&D at ADGM to develop solutions for the Web3.0 economy,” said ADGM Chairman Ahmed Jasim Al Zaabi.
The popular cryptocurrency exchange will provide cryptocurrency custody as long as it complies with the FSRA requirements.
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