TechFlow news: The Financial Services Regulatory Authority of Abu Dhabi Global Market has recently granted a financial services license to cryptocurrency firm M2, allowing it to operate a crypto asset trading platform in the UAE.
Headquartered in Abu Dhabi, M2 plans to launch its platform later this year, enabling UAE users to buy, sell, and custody crypto assets such as Bitcoin and Ethereum.
Users will also be able to purchase cryptocurrencies with fiat currencies and access derivatives and yield-generating services.
This marks another step forward in the UAE's ongoing efforts to legitimize cryptocurrencies. The regulator's proactive and open approach is helping attract more crypto firms to establish operations in the country.
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