The Abu Dhabi Financial Services Regulatory Authority has licensed the virtual asset company M2 to provide financial services

2023-08-16 20:07:25

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ChainCatcher news, according to Cointelegraph, the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) has granted a Financial Services Permission (FSP) to the virtual asset company M2, allowing it to operate a multilateral trading facility in the capital of the United Arab Emirates.

Headquartered in Abu Dhabi, M2 stated in an announcement released on August 16 that the regulatory approval will allow institutional and retail clients in the UAE to "buy, sell, and custody virtual assets," such as Bitcoin (BTC) and Ethereum (ETH). The M2 platform is set to launch later in 2023. Once online, the M2 platform will also allow UAE users to purchase cryptocurrencies using fiat currency, as well as access derivatives and yield services.

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