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Binance Gets Full Licenses from Abu Dhabi’s FSRA

Binance becomes the first crypto exchange fully licensed by Abu Dhabi’s FSRA under ADGM.

  • Binance receives full regulatory approval from ADGM
  • Becomes first digital asset platform to achieve this in Abu Dhabi
  • Strengthens presence in the Middle East’s crypto market

In a significant regulatory breakthrough, Binance has secured a full suite of licenses from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This makes Binance the first digital asset trading platform to achieve such status under ADGM’s comprehensive framework.

The approval reflects Binance’s ongoing efforts to work closely with global regulators and operate within well-defined legal boundaries. This move not only strengthens Binance’s legal footing in the United Arab Emirates but also marks a pivotal step in the exchange’s global expansion strategy.

What the FSRA License Means

The FSRA license allows Binance to offer a wide range of crypto-related services including trading, custody, and asset management within the ADGM jurisdiction. The full license suite provides Binance with a long-term operational base in the region, offering both institutional and retail investors regulated access to digital asset markets.

This approval follows Binance’s provisional and financial services permissions granted in earlier phases, culminating now in full authorization. It also underscores Abu Dhabi’s growing ambition to be a regulated hub for digital finance.

Strengthening Binance’s Global Reach

With the new FSRA licenses, Binance is in a stronger position to expand its offerings in the Middle East. Abu Dhabi’s progressive regulatory environment continues to attract global crypto firms, and Binance being first to cross this regulatory finish line gives it a competitive advantage.

The move is also seen as a boost to investor confidence, highlighting Binance’s ability to comply with strict regulatory requirements and promoting further institutional adoption in the region.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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