Binance gets in-principle approval to operate in Abu Dhabi – The National

Binance gets in-principle approval to operate in Abu Dhabi – The National

Binance, the world’s largest cryptocurrency exchange, has received in-principle approval from the Abu Dhabi Global Market to operate as a broker-dealer in virtual assets in the UAE capital.

After completing its application process for full licensing, Binance will be able to offer its virtual asset services to customers across the Middle East and North Africa region through its subsidiary Binance (AD) Limited, the company said on Sunday.

"ADGM is the largest regulated jurisdiction of virtual assets in the Mena region and Binance’s participation will add to its vibrant and trusted ecosystem of virtual asset trading venues, global exchanges and service providers," said Dhaher bin Dhaher, chief executive of the Registration Authority at Abu Dhabi Global Market.