Binance gets nod to operate from ADGM
Binance, the leading global blockchain services provider, announced on Wednesday that it has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’S capital emirate.
The FSP will enable the blockchain giant to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by FSRA.
ADGM’S FSRA introduced the world’s first-of-its-kind comprehensive and bespoke Virtual Asset regulatory framework in 2018.