eToro, M2 win ADGM crypto licenses to operate in UAE financial center By Cointelegraph
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Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM).
EToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broker for securities, derivatives and crypto assets. Cryptocurrency exchange M2, on the other hand, got recognition as a fully regulated Multilateral Trading Facility (MTF) and custodian that can on-board UAE residents and institutional clients.
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Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM).
EToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broker for securities, derivatives and crypto assets. Cryptocurrency exchange M2, on the other hand, got recognition as a fully regulated Multilateral Trading Facility (MTF) and custodian that can on-board UAE residents and institutional clients.
Continue Reading on Cointelegraph
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