Bitcoin

M2 has launched a new service letting UAE residents trade Bitcoin and Ether directly through their bank accounts. Now, users can easily convert UAE dirhams into Bitcoin ($66,366) and Ether ($3,313) on M2’s platform.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/683e22e9af6a4aca8e97b65431e84737.png" />The new feature simplifies trading and allows for easy deposits and withdrawals of dirhams, helping users quickly adjust to market changes.<h3 id="m2-s-new-integration-enhances-crypto-accessibility-in-uae">M2’s New Integration Enhances Crypto Accessibility in UAE</h3>M2 has <a href="https://cryptosheadlines.com/flare-flr-bounces-up-7-after-xrp-integration-announcement/" rel="noopener noreferrer nofollow">announced that its latest integration</a> will expand its offerings in response to a rapidly evolving financial landscape. According to M2, this development marks a significant milestone for increasing the accessibility of virtual assets in the region.M2 CEO Stefan Kimmel emphasized that this integration is a crucial step in broadening the company’s services for the MENA region. He noted that it reduces friction between traditional finance and virtual assets, allowing UAE residents to trade using familiar banking services alongside M2’s features and security.Kimmel also highlighted that this move is regulated by the UAE government, which operates under one of the world’s strictest <a href="https://cryptosheadlines.com/jpmorgan-sec-crypto-crackdown-heightens-pressure-on-u-s-lawmakers-for-2023-regulatory-framework/" rel="noopener noreferrer nofollow">regulatory frameworks</a>, ensuring robust consumer protection.<h3 id="m2-s-fsra-license-enhances-trust-and-security-in-uae-crypto-market">M2’s FSRA License Enhances Trust and Security in UAE Crypto Market</h3>M2, licensed by the Financial Services Regulatory Authority (FSRA), <a href="https://cryptosheadlines.com/abu-dhabi-grants-operational-license-to-m2-digital-asset-firm/" rel="noopener noreferrer nofollow">operates within the Abu Dhabi</a> Global Market (ADGM), a prominent international financial center. The exchange received its license on August 16, 2023, enabling both institutional and retail clients in the UAE to buy, sell, and store digital assets on the platform.M2 CEO Stefan Kimmel previously noted that the ADGM’s licensing process was rigorous, reflecting the high standards required for multilateral trading facility permits. Despite the demanding process, Kimmel emphasized that this thorough due diligence ensures that licensed platforms meet the UAE’s security and transparency standards, enhancing user trust in the market.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

UAE Residents Can Now Trade Crypto Directly from Their Bank Accounts

Table of Contents

CryptosHeadlines.com

Andre artikler udgivet 31. jul. 2024

Experts highlighted 5 altcoins poised for 1000x surge in 2024

Blackbird Labs Elevates Crypto Dining

Revolutionizing Web3 with Blackbird Crypto Food Payments

Grayscale Launches Bitcoin Mini Trust

Analyst says 99Bitcoins token could 10x as presale enters final days

Is It Too Late To Buy BAR? Gold Standard Price Soars 60% And This Might Be The Next Crypto To Exp...

Join our free newsletter for daily crypto updates!