Crypto Live News

Binance Awarded With FSP License At Abu Dhabi

Author: Sohrab Khawas Nov 16, 2022 17:51

Sohrab Khawas

Author

Binance, one of the leading crypto exchanges has been given Financial Services Permission (FSP) by Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market (ADGM). This license will allow Binance to give custody to professional clients only if they meet FSP’s standard provided by FSRA.

ADGM chairman, Ahmed Jasim Al Zaabi claimed that will support Binance’s operations and R&D in ADGM in order to develop Web3.0 economy solutions. It was in September that FSRA and ADGM disclosed their principles for Crypto regulations.