M2 to Enable Bitcoin Purchases via Bank Accounts in UAE

The M2 platform, registered with the FSRA, will allow clients to trade cryptocurrencies directly from their bank accounts, as reported by Cointelegraph.

Users can exchange Bitcoin and Ethereum for dirhams and vice versa. There is also an option for depositing and withdrawing funds in the national currency.

The company believes that the new integration will enable clients to “quickly adapt to market changes.” It will also enhance the “accessibility of digital assets in the region” by offering fiat trading pairs.

Back in November 2022, Binance received an FSRA license.