Beyond the Office Walls: The Corporate Symphony of Remote Work Redefinition
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
April 12, 2022: -Cryptocurrency exchange Binance has obtained a provisional green light from Abu Dhabi regulators, deepening its expansion in the Middle East.
On Sunday, the company said it was approved “in principle” by the Financial Services Regulatory Authority of Abu Dhabi Global Market to operate as a broker-dealer in digital assets. The firm said the move is an initial step toward becoming a “fully-regulated virtual asset service provider” in the city.
The second city Binance has secured approval from the company and received a crypto license in Dubai in the previous month. The move also comes after Binance was authorized in Bahrain by the country’s central bank.
Binance has been pushing into the Middle East market after getting a frosty reception elsewhere.
In the U.K., regulators placed restrictions on the firm, barring it from undertaking any regulated activity. Singapore limited its service after the country’s central bank warned it might violate local payment laws.
In response to a tweet from CNBC, Binance CEO Changpeng Zhao said the company is “not shunned elsewhere” and that there’s “more to come.”
Previously, Binance was notorious for its tendency to operate independently of local regulations. The company’s chief, up until recently, took pride in having no official headquarters. However, in response to pressure from global regulators, Binance has changed tack, saying it wants to become a regulated business. The firm is currently evaluating where to establish its principal office.
Several crypto companies, including Crypto.com and FTX, are looking to Gulf states like the UAE as a destination to set up shop. But the region is opening its doors to the loosely regulated world of crypto at an awkward time, the UAE was recently placed on a “gray list” by the Financial Action Task Force, a global money-laundering watchdog.
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
Workplace culture has evolved beyond the superficial allure of ping-pong tables and casual Fridays in the ever-shifting landscape …
In the grand orchestration of corporate strategy, a new conductor has taken the stage, wielding algorithms instead …
In the pulsating heartbeat of technological evolution, a virtual reality revolution is unfurling, beckoning us to reimagine the very essence …
In the grand theater of corporate endeavors, where success is not merely measured in profits but in the harmonious achievements of inspired teams, what if I told you …
In the vast landscape of corporate endeavors, where routines can become ruts and innovation can often be stifled by convention, what if I told you that creativity and disruptive thinking …
Sweet Bonanza: Ein zuckersüßes Abenteuer im Winz io Casino Контент Wo Sie eine Sweet Bonanza-Demo finden The 200 Spins Sweet Bonanza Slot Experience Kun je
Пин Ап Авиатор КЗ Официальный сайт казино Pin-Up в Казахстане Контент Особенности игры Авиатор Бонусы и ставки в онлайн казино Блейз Авиатор игра на деньги
In a move indicative of growing confidence, Assenagon Asset Management S.A., an institutional investor, has significantly …
Financial services firm B. Riley Wealth Advisors Inc. recently significantly adjusted its holdings in Western …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you