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 Key takeaways 
 <ul> 
 <li dir="ltr"> Laser Digital has become the latest digital asset firm to receive approval to operate in Abu Dhabi. </li> 
 <li dir="ltr"> The firm is owned by Japanese banking giant Nomura Bank.&nbsp; </li> 
 </ul> 
 <h2 dir="ltr" id="laser-digital-can-now-operate-in-abu-dhabi">Laser Digital can now operate in Abu Dhabi</h2> 
 Laser Digital, the digital assets arm of Japan’s Nomura Bank, has received in-principal approval to provide broker-dealer services and asset/fund management services in Abu Dhabi. 
 
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 #ADGM is proud to announce that @LaserDigital_ has received an In-Principle Approval (IPA) from the ADGM Financial Services Regulatory Authority (FSRA) for its virtual asset management services, further establishing it as a leading global hub for digital assets.… pic.twitter.com/CmvkP4wumO 
 — Abu Dhabi Global Market (@ADGlobalMarket) September 26, 2023
 </blockquote> 
 
 The approval was granted by the Abu Dhabi Global Market (ADGM), allowing Laser Digital to offer numerous services to users in the region.&nbsp; 
 This&nbsp;latest cryptocurrency news means that Laser Digital stands a chance to receive full Financial Services Permission to operate in the region upon meeting the conditions specified in the current approval. However, the conditions to be met were not specified in the announcement. 
 While commenting on this latest development, Laser Digital CEO Jez Mohideen said of the ADGM said; 
 “Their comprehensive and clear regulatory framework is creating a global hub for digital assets that we are delighted to be joining.” 
 The ADGM continues to attract more companies around the world as it is an international financial free zone within Abu Dhabi, the capital of the United Arab Emirates (UAE). 
 The financial free zone occupies nearly 15 square kilometres across two islands and comprises a registration authority, regulatory authority and a court.&nbsp; 
 <h2 dir="ltr" id="crypto-companies-continue-to-gain-approval-in-abu-dhabi">Crypto companies continue to gain approval in Abu Dhabi</h2> 
 Laser Digital’s <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> comes roughly three weeks after Standard Chartered-backed Zodia Markets&nbsp;<a rel="dofollow" title="receive" href="https://thebittimes.com/tag/receive.html">receive</a>d its <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> to serve as a crypto broker in Abu Dhabi. 
 In June last year,&nbsp;Binance <a rel="dofollow" title="receive" href="https://thebittimes.com/tag/receive.html">receive</a>d in-principal <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> to operate in the ADGM. the cryptocurrency exchange also <a rel="dofollow" title="receive" href="https://thebittimes.com/tag/receive.html">receive</a>d Financial Services Permission in November. Other companies that have <a rel="dofollow" title="receive" href="https://thebittimes.com/tag/receive.html">receive</a>d ADGM <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> include Kraken, UAE-based M2 and Bahrain-based Rain.&nbsp; 
 Laser Digital’s <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> came after the firm <a rel="dofollow" title="receive" href="https://thebittimes.com/tag/receive.html">receive</a>d an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The firm also launched its Bitcoin Adoption Fund last month.&nbsp; 
</div>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/nomura-bank-s-laser-digital-receives-approval-for-operations-in-abu-dhabi-tbt64148.html">https://thebittimes.com/nomura-bank-s-laser-digital-receives-approval-for-operations-in-abu-dhabi-tbt64148.html</a>

Nomura Bank’s Laser Digital receives approval for operations in Abu Dhabi

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