Abu Dhabi regulator approves M2 to offer crypto services

FSRA issued a licence to the Abu Dhabi-based (UAE) platform M2 to provide services related to virtual assets.

The company obtained a licence for a multilateral trading venue.

By year-end, M2 will provide access to buying, selling and custody of cryptocurrencies for retail and institutional clients.

After launch, the platform will list fiat-paired trading pairs, and broaden its product lineup to include derivatives and yield-generating services.

FSRA began developing rules for digital-asset market participants in 2018.

In November 2022, the regulator’s licence was granted to Binance.