CZ: Binance obtains financial services license in Abu Dhabi
ChainCatcher news, Binance founder Changpeng Zhao (CZ) stated that Binance has obtained a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), which will enable Binance to provide custody services for professional clients.
"We look forward to and support Binance's operations and R&D in ADGM to develop solutions for the Web 3.0 economy," said ADGM Chairman Ahmed Jasim Al Zaabi.
It is reported that in April this year, Binance received in-principle approval (IPA) from the ADGM regulator to operate as a broker-dealer for virtual assets. (source link)
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