Binance Secures Three Licenses for Regulated Crypto Services

Crypto large Binance has been granted three separate licenses from Abu Dhabi’s monetary regulator, offering a inexperienced mild to function its alternate, clearing home and broker-dealer companies below the Monetary Services Regulatory Authority’s (FSRA) regulatory framework. 

The FSRA, an impartial monetary regulator of the Abu Dhabi International Market (ADGM), a monetary free zone in Abu Dhabi, has authorized licenses for Binance’s Nest Exchange Limited, Nest Clearing and Custody Restricted, and Nest Buying and selling Restricted, according to a information launch and announcement from Binance on Monday. 

Richard Teng, the co-CEO of Binance, mentioned in a press release that the licenses present regulatory readability and legitimacy, enabling Binance to help its international operations from ADGM. 

“Whereas our international operations stay distributed, leveraging expertise and innovation worldwide, this regulatory basis affords our customers peace of thoughts understanding Binance operates below a globally recognised, gold normal framework,” he mentioned

“We’re grateful for the FSRA’s forward-thinking method, which safeguards customers whereas fostering innovation.”

Binance may arrange store in Abu Dhabi

Binance doesn’t have an official company headquarters, which might dictate tax obligations and the laws an organization should observe. 

Cointelegraph has contacted Binance for further remark.

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Below a February 2020 steering, the FSRA outlines that authorised entities conducting regulated actions throughout the ADGM have to have “thoughts and administration” working out of the zone, which incorporates devoting assets to industrial, governance, compliance, surveillance, operations, technical, IT and HR capabilities.

Working below the ADGM’s monetary companies regime gives Binance customers with further shopper protections, together with enhanced oversight from regulators, in response to Binance. The alternate plans to start out working its “regulated actions” on Jan. 5, 2026.

Teng said in an X submit on Monday that it’s an “essential milestone for Binance,” as a result of it’s change into the primary international alternate to safe regulatory approval from a revered regulator, and can now have its worldwide operations and liquidity supervised end-to-end. 

Binance already has a foothold within the United Arab Emirates, with its virtual asset service provider license in Dubai, which it obtained in April 2024, and a $2 billion funding from MGX, an Abu Dhabi-based synthetic and know-how enterprise agency, in March. 

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