Binance, one of the world’s biggest crypto exchanges, has announced it has received, in-principle, approval to operate in Abu Dhabi, marking it its third regulatory approval in the Middle Eastern region after Bahrain and Dubai.
The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies, marking yet another milestone for the crypto exchange, which strides to operate as a fully licensed firm.
ADGM serves as an international financial free zone within the capital of the United Arab Emirates, which historically has played an important role in regulatory and supervisory oversight of the financial services provided within its jurisdiction.
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