{"id":429442,"date":"2022-04-10T13:35:38","date_gmt":"2022-04-10T10:35:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-receives-in-principle-approval-to-operate-in-abu-dhabi\/"},"modified":"2022-04-10T13:35:38","modified_gmt":"2022-04-10T10:35:38","slug":"binance-receives-in-principle-approval-to-operate-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-receives-in-principle-approval-to-operate-in-abu-dhabi\/","title":{"rendered":"# Binance receives in-principle approval to operate in Abu Dhabi"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a383d76dad75\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a383d76dad75\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/binance-receives-in-principle-approval-to-operate-in-abu-dhabi\/#%E2%80%9D_Binance_receives_in-principle_approval_to_operate_in_Abu_Dhabi_%E2%80%9C\" >&#8221; Binance receives in-principle approval to operate in Abu Dhabi &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Binance_receives_in-principle_approval_to_operate_in_Abu_Dhabi_%E2%80%9C\"><\/span>&#8221; Binance receives in-principle approval to operate in Abu Dhabi &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZTA0MzJkMjktOWE2MS00YjRhLTg3NmYtODI4ZDFkYWZlNDM5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Binance, the world\u2019s biggest crypto exchange in terms of trading volume, received in-principle <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai.\u00a0<\/p>\n<p>The in-principle <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/binance-awarded-in-principle-approval-for-a-financial-services-permission-from-adgm\">approval<\/a> from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies \u2014 marking yet another milestone for the crypto exchange, which envisions to operate as a fully-licensed firm.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a>, one of the world&#8217;s leading <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> platforms, received an IPA from the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ADGM?src=hash&amp;ref_src=twsrc%5Etfw\">#ADGM<\/a> Financial Services Regulator Authority. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jhHenzaahE\">pic.twitter.com\/jhHenzaahE<\/a><\/p>\n<p>\u2014 Abu Dhabi Global Market (@ADGlobalMarket) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ADGlobalMarket\/status\/1513075978897141764?ref_src=twsrc%5Etfw\">April 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nADGM serves as an international financial free zone within the capital of the United Arab Emirates, which historically has played an important role in regulatory and supervisory oversight of the financial services provided within its jurisdiction. Reciprocating Binance\u2019s efforts to score regulatory licenses across the globe, ADGM stated:<\/p>\n<blockquote><p>\u201cThe IPA is part of Binance\u2019s plans in establishing itself as a fully-regulated virtual asset service provider in an internationally recognized and well-regulated financial center.\u201d<\/p><\/blockquote>\n<p>The ADGM also shared its intent to provide similar regulatory approvals for local as well as global crypto companies to further position Abu Dhabi as the \u201cfast-growing virtual assets hub and digital economy.\u201d<\/p>\n<p>Dhaher bin Dhaher, CEO of ADGM, too, welcomed the move by promising to aid Binance\u2019s efforts to establish their presence in Abu Dhabi. <\/p>\n<p>Apart from Binance, prominent crypto exchange FTX has previously been awarded operational licenses in Dubai, the second biggest city in the UAE after Abu Dhabi. <\/p>\n<p><strong>Related: <\/strong><strong><em>Abu Dhabi rolls out draft recommendations for NFT trading<\/em><\/strong><\/p>\n<p>On Mar. 22, ADGM published a consultation paper, which proposed that ADGM-licensed companies will be allowed to facilitate NFT trading in the jurisdiction. <\/p>\n<p>As Cointelegraph highlighted, the free zone\u2019s chief regulator, the Financial Services Regulatory Authority (FSRA), described NFTs in the ADGM consultation paper as intellectual property rather than \u201cspecified investments or financial instruments.\u201d<\/p>\n<p>However, the allowance of NFT trading will most likely require licensed companies to comply with ADGM\u2019s Anti-Money Laundering (AML) and Sanctions Rules.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-receives-in-principle-approval-to-operate-in-abu-dhabi\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Binance receives in-principle approval to operate in Abu Dhabi &#8220; Binance, the world\u2019s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai.\u00a0 The in-principle approval from the Abu Dhabi Global Market (ADGM) allows&#8230;<\/p>\n","protected":false},"author":1,"featured_media":429443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZTA0MzJkMjktOWE2MS00YjRhLTg3NmYtODI4ZDFkYWZlNDM5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,77672,74863,117,70934],"class_list":["post-429442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-changpeng-zhao","tag-cryptocurrencies","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/429442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=429442"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/429442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/429443"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=429442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=429442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=429442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}