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It looks like a major step has been taken in the crypto world. One of the leading exchanges has earned the title of being the first digital asset platform to receive a full license from the Abu Dhabi Financial Services Regulatory Authority (FSRA). This development also signals that the exchange will be moving its operational headquarters to Abu Dhabi.
In a statement, the company’s CEO emphasized that they will now be subject to comprehensive oversight under the regulatory framework in Abu Dhabi. It is fair to say that the crypto sector in the Middle East region has reached an important milestone in terms of regulation.
This move shows that global exchanges are increasingly turning to more regulated markets. Full license status is becoming a critical factor for user trust as well.