Bank

United

Bitcoin

M2, a leading digital asset custodian, has <a href="https://cointelegraph.com/news/m2-exchange-uae-aed-to-crypto" rel="noopener noreferrer nofollow">announced</a> a new integration for United Arab Emirates investors that allows them to directly buy and sell Bitcoin and Ether using their bank accounts. This new feature aims to simplify the process of converting local currency, dirhams, into these popular cryptocurrencies.
<h2 id="span-style-font-weight-400-enhanced-trading-flexibility-span">Enhanced Trading Flexibility</h2>
M2’s latest offering enables users in the UAE to trade BTC and ETH directly for dirhams (AED) and vice versa. This move includes the ability to deposit and withdraw dirhams, thereby enhancing the trading flexibility for users.
The M2 team stresses that this connection lets customers “swiftly adapt to market changes,” offering a seamless experience in switching between traditional money and digital assets.
<h3 id="span-style-font-weight-400-greater-access-to-virtual-assets-span">Greater Access to Virtual Assets</h3>
The integration is seen as a milestone in making virtual assets more accessible in the region. M2 CEO Stefan Kimmel highlighted that the move lessens the friction in navigating between traditional finance and virtual assets. This aligns with M2’s goal to expand its offerings in the Middle East and North Africa (MENA) region.
“It is a significant step for M2 ADGM as we work to expand our offering for the MENA region and reduce the friction in how clients can navigate between traditional finance and virtual assets,” Kimmel said.
M2 operates under the license of the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM), an international financial center. Kimmel noted that the rigorous due diligence procedure guarantees users of the dependability of the platform and adherence to the national security criteria.
<h2 id="span-style-font-weight-400-uae-s-crypto-friendly-environment-span">UAE’s Crypto-Friendly Environment</h2>
Rising as a major center for crypto activity, the UAE draws worldwide businessmen and investors. In June, leading crypto exchange <a href="https://thecoinrise.com/binance-secure-vasp-license-via-binance-fze-in-uae/" rel="noopener noreferrer nofollow">Binance received a Crypto Asset Service Provider (VASP) license</a> from Dubai’s Virtual Asset Regulatory Authority (VARA), further cementing the region’s position as a crypto-friendly jurisdiction.
Investment visionary Kalpesh Patel pointed out in March that fund managers looking for development prospects find the <a href="https://thecoinrise.com/is-uae-a-new-trending-country-for-fund-growth-kalpesh-patels-opinion/" rel="noopener noreferrer nofollow">UAE appealing because of its dedication</a> to openness and strong regulatory control.
Moreover, the <a href="https://thecoinrise.com/uae-pushes-for-advanced-crypto-regulation-through-aml-rules/" rel="noopener noreferrer nofollow">UAE is actively working on clear rules</a> for the crypto sector to fight money laundering and guarantee a safe environment for digital asset transactions.
The post <a href="https://thecoinrise.com/m2-crypto-exchange-introduces-bank-integration-for-crypto-trading-in-uae/" rel="noopener noreferrer nofollow">M2 Crypto Exchange Introduces Bank Integration for Crypto Trading in UAE</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

M2 Crypto Exchange Introduces Bank Integration for Crypto Trading in UAE

Indice dei contenuti

TheCoinrise Media

Altri articoli pubblicati su 31 lug 2024

ZKsync-Powered GRVT Launches Open Beta on August 5 with 2.5M Waitlist Testers

Pepe Eats Solana (PEPEATS) Will Hit $20 Million Before Exchange Listings, While SHIB and Dogecoin...

Russia Embraces Bitcoin and Crypto for International Trade to Bypass Sanctions

SEC Keeps Solana Security Status Unclear, Here’s What Experts Say

Aptos and Filecoin In The Green But All Eyes Are Firmly On This New Viral Crypto Set To Capture S...

Institutional Investors Show Interest In Cardano, Triggering 300% Surge

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!