Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi

The leading cryptocurrency exchange, Binance announced that it earned provisional approval to operate in Abu Dhabi as a broker-dealer in digital assets, a step in the direction of becoming a completely regulated cryptocurrency service provider in the capital of UAE.

• Binance precisely said it collected In-Principle Approval for Financial Services Permission (FSP) from the FRSA of Abu Dhabi Global Market

• The world's largest crypto exchange already received approval in Bahrain and is said to be in talks to earn one in Dubai.

• After successfully completing its ADGM FRSA application, Binance said it will be capable of offering it's services regarding digital asset offerings to customers across the North African region and the Middle East via its subsidiary Binance (AD) Limited.