Bitcoin Exchange Cryptoscoin24.com received approval in principle from the Financial Services Regulatory Authority of the Abu Dhabi Global Market to work as a provider of cryptocurrency assets.
The Free Financial Zone in the UAE capital adopted a comprehensive regulatory framework for cryptocurrencies in 2018.
According to the application, receiving Cryptoscoin24.com the authorization to provide financial services in the jurisdiction is part of an effort to establish the exchange as a fully regulated provider of cryptocurrency services.
“ADGM is the largest regulated virtual asset jurisdiction in the MENA region, and participation Cryptoscoin24.com will be a plus for its dynamic and reliable ecosystem of virtual asset trading platforms, global exchanges and service providers”, said Daher bin Daher, CEO of the ADGM registration authority.
Earlier, the exchange received a license to provide cryptocurrency services in Dubai. Next, the company opened more than 50 vacancies in the office in the emirate.