ADGM, Solana Partner to Expand DLT Projects
Abu Dhabi Global Market (ADGM) and the Solana Foundation have entered into a Memorandum of Understanding (MOU) to collaborate on the progression of distributed ledger technology (DLT). While refraining from disclosing any particular actions, the partners intend to investigate potential avenues for advancement following ADGM’s DLT Foundation regulation. ADGM and Solana will seek to expand […]
UAE FSRA Updates Sanctions, AML Policy on Digital Assets
The Financial Services Regulatory Authority (FSRA) of the United Arab Emirates has incorporated new provisions on digital assets into its Anti-Money Laundering and Sanctions policy. The FSRA formally declared revisions to its Anti-Money Laundering and Sanctions Rules and Guidance, or the AML Rulebook, on December 21. Among the modifications made were sections of the FATF […]
Laser Digital Gets Green Light from Abu Dhabi Global Market
Laser Digital, the digital assets arm of Japan’s Nomura Bank, has received in-principal approval from the Abu Dhabi Global Market (ADGM) to offer broker-dealer and asset management services for both digital and traditional assets. This development reflects the growing recognition and integration of digital asset firms in the UAE. Laser Digital aims to redefine the […]
ADGM Approves Binance To Operate In Abu Dhabi
The Abu Dhabi Global Market (ADGM) has given Binance, the world’s largest cryptocurrency exchange, in-principle approval to operate as a broker-dealer in virtual assets in the UAE capital. The cryptocurrency exchange Platform stated in a statement on Sunday that after completing its application procedure, it will be able to offer its services across the Middle East […]