ADGM grants crypto exchange Rain in-principle approval for financial services permission – The National

ADGM grants crypto exchange Rain in-principle approval for financial services permission – The National

Rain, a cryptocurrency exchange company, received its in-principle approval for a Financial Services Permission from The Abu Dhabi Global Market’s Financial Services Regulatory Authority.

Once Rain has satisfied all approval conditions and receives its permit, the company will be able to list a greater number of virtual asset pairs provided they meet the Accepted Virtual Assets criteria set out by the ADGM's regulatory authority, the exchange company said.

Rain will also be able to provide its services to customers outside the GCC region, as well as to those it currently serves in the GCC through Rain Financial's subsidiary, Rain Management WLL.