TechFlow news — Binance founder Zhao Changpeng (CZ) announced that Binance has obtained a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). The FSP will allow Binance to provide custodial services to professional clients, provided they meet the FSRA's FSP requirements.
"We look forward to and support Binance’s operations and R&D within ADGM to develop solutions for the Web3.0 economy," said Ahmed Jasim Al Zaabi, Chairman of ADGM.
In April this year, Binance received in-principle approval (IPA) from ADGM’s regulator to operate as a virtual asset broker-dealer.Original link
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