UAE to see rapid growth in cyrptocurrency activites

UAE to see rapid growth in cyrptocurrency activites

The Abu Dhabi Global Market (ADGM) has so far 11 fully licensed and approved in-principle virtual asset players in its community.

Published: Sat 16 Apr 2022, 10:28 PM Last updated: Sat 16 Apr 2022, 10:58 PM

The UAE known to be at forefront of innovation and emerging technologies will witness more global players descend in desert to set up their operations in cryptocurrency and its related activities giving investors wider choice to choose the exchanges.

With top global names like Binance and Bybit already making regional presence the investor sentiment is surely at peak with nation witnessing disruptive investment options.

The Abu Dhabi Global Market (ADGM) has so far 11 fully licensed and approved in-principle virtual asset players in its community.

“Since ADGM introduced its virtual assets guidelines in 2017 and launched the world’s first fully comprehensive virtual assets regulatory framework and regime in 2018, we have seen a growing number of local, regional, and global players anchoring their presence and providing virtual assets activities and related services in Abu Dhabi, the UAE, and across Mena. This, in turn, attracted a heightened level of retail and institutional investors’ interest and investment. In addition, ADGM has also earlier introduced its regulatory sandbox and fintech Digital Lab