Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

Binance receives 3rd regulatory approval in the Middle East

Binance receives 3rd regulatory approval in the Middle East 20

Binance exchange is moving rapidly toward the Middle Eastern-based crypto services expansion.

Binance is a first-ranked crypto exchange, which is currently holding the highest trade volume among the all crypto exchanges in the industry. This exchange is popular for its quality level services for its users. Last year Exchange faced huge scrutiny issues from many global regulators, after that exchange decided to become a globally regulated exchange. 

On 10 April, Abu Dhabi Global Market (ADGM) approved an in-principle regulatory signal for Binance exchange to give authority to provide crypto offerings as a broker-dealer of crypto assets. 

For the same, ADGM confirmed on Twitter that the exchange successfully received IPM from the agency to provide crypto services.

ADGM also stated:

“The IPA is part of Binance’s plans in establishing itself as a fully-regulated virtual asset service provider in an internationally recognized and well-regulated financial center”

ADGM is currently responsible for the capital of the United Arab Emirates’ international financial free zone. Under its authority, the agency played significant roles in the past to introduce regulatory and supervisory oversight of the financial services. 

ADGM agency also confirmed that it will welcome other global crypto exchanges to register with it, to make Abu Dhabi a “fast-growing virtual assets hub and digital economy.”

So now in the Middle East, this is the third crypto license for Binance exchange. In the first two licenses, it received regulatory approval from Bahrain and Dubai. 

The chief executive officer of ADGM, Dhaher bin Dhaher, also commented on this regulatory approval of the Binance exchange and said that they will help Binance to show its appearance in Abu Dhabi significantly.

Earlier this, global crypto exchange FTX received regulatory approval for its crypto offerings in the second biggest city of UAE Dubai. Abu Dhabi is the biggest city in the UAE but not much popular globally as Dubai. 

Read also: Mobikwik distances itself from India crypto exchanges support

Binance receives 3rd regulatory approval in the Middle East


Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Don’t miss a thing, sign up for our newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.


BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat