Virtual Asset Company M2 Receives Abu Dhabi Financial Services License to Provide Virtual Asset Trading
2023/08/16 11:56
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual asset company M2, allowing it to operate a multilateral trading facility in the capital of the United Arab Emirates.
M2 stated in the announcement that the regulatory approval will allow institutions and retail customers in the UAE to "buy, sell and custody virtual assets, such as Bitcoin (BTC) and Ethereum (ETH)." The announcement stated that the M2 platform is planned to be launched later in 2023. Once launched, the M2 platform will also allow UAE users to purchase cryptocurrency with fiat currency, as well as access derivative and yield services.
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