CMC News

#Binance Gets Three Abu Dhabi Licenses for Global Operations

#Binance has secured three separate regulatory licenses from Abu Dhabi's financial authority, enabling the exchange to operate its international platform under comprehensive oversight from the Financial Services Regulatory Authority.

The independent regulator of the Abu Dhabi Global Market approved licenses for Binance's Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited. The approvals provide regulatory framework coverage for exchange operations, clearing house functions, and broker-dealer services.

Richard Teng, Binance co-CEO, stated the licenses offer regulatory clarity that enables the company to support global operations from the #ADGM financial free zone. He emphasized the framework provides users with confidence that Binance operates under internationally recognized regulatory standards.

The #FSRA framework requires authorized entities conducting regulated activities within ADGM to maintain "mind and management" operations in the zone, including commercial, governance, compliance, surveillance, operations, technical, IT, and HR functions. This requirement suggests Binance could establish a significant operational presence in Abu Dhabi.