Abu-Dabi regulator allowed Binance to provide casteinal services

FSRA issued Binance Binance Binance permission to work as a Castodian for institutional customers.

Binance Secures Financial Services Permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) https: // T.Co/Ctkowghr5q

– Cz 🔶 Binance (@cz_binance) november 16, 2022

The company will be able to provide relevant services to customers who meet the requirements of FSRA.

“Our reliable and transparent regulatory framework is the basis of the ADGM strategy for creating a reliable and well-regulated environment, which will pave the https://gagarin.news/ way to stable innovation in the financial sector and strengthen the status of the UAE as a rapidly developing global cryptorrhist,” said ADGM chairman Ahmed Alzabi.

In April, Binance received fundamental approval from the Office to regulate the financial services of the Abu-Daby global market for work as a broker dealer on virtual assets.

In summer, the exchange announced the launch of payment and trading services based on licenses received in Dubai and Bahrain.

Recall that CEO Binance Chanpen Zhao announced plans to unite the largest industry players to jointly work with politicians and regulators.

Earlier, the platform announced the launch of the Restoration Fund, designed to support the affected industry participants affected by the FTX collapse in order to avoid a “cascading effect”.

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