Binance Obtains License in Abu Dhabi, Officially Allowed to Operate as an International Platform

The Abu Dhabi Financial Free Zone's financial regulator will oversee all aspects of Binance's international operations and liquidity management, bolstering the company's global expansion.
On the 8th (local time), Cointelegraph reported that the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has suspended the operation of Binance-owned cryptocurrency exchange.
The FSRA has approved licenses to operate exchange, clearing, and broker/dealer services for the three entities listed below, making Binance a legitimate international platform under its regulations.
The FSRA is an independent financial regulator for the Abu Dhabi Global Market. The company that received the license this time is Nest Exchange Limited (
Nest Exchange Limited, Nest Clearing and Custody Limited
The three companies are FSRA and Binance, which announced the deal on December 2nd.
"Obtaining this license is a major step towards ensuring regulatory clarity and legitimacy," Binance co-CEO Richard Teng said in a statement.
"This is a significant step forward and supports our global operations, based at ADGM," he said. "While we maintain a decentralized operational structure supported by talent and innovation from around the world, this regulatory foundation will enable us to
"We can provide users with the confidence that Binance is operating under global standards," he said. "FSRA's advanced approach, which aims to balance user protection with innovation, is a valuable asset."
I appreciate the approach."