{"id":70162,"date":"2022-11-16T14:43:37","date_gmt":"2022-11-16T12:43:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70162"},"modified":"2025-09-08T00:28:16","modified_gmt":"2025-09-07T21:28:16","slug":"abu-dhabi-regulator-authorises-binance-to-provide-custodial-services","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/abu-dhabi-regulator-authorises-binance-to-provide-custodial-services\/","title":{"rendered":"Abu Dhabi regulator authorises Binance to provide custodial services."},"content":{"rendered":"<p><span data-descr=\"Abu Dhabi Financial Services Regulatory Authority, within the Abu Dhabi Global Market's Department of Global Markets (ADGM)\" class=\"old_tooltip\">FSRA<\/span> granted Binance, the bitcoin exchange, permission to operate as a custodian for institutional clients.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"ca\" dir=\"ltr\">Binance Secures Financial Services Permission from Abu Dhabi Global Market\u2019s Financial Services Regulatory Authority (FSRA) <a href=\"https:\/\/t.co\/CtKoWGHr5q\">https:\/\/t.co\/CtKoWGHr5q<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1592820364094345221?ref_src=twsrc%5Etfw\">November 16, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The firm will be able to provide such services to clients meeting FSRA&#8217;s requirements.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Our robust and transparent regulatory framework forms the cornerstone of ADGM&#8217;s strategy to create a robust and well-regulated environment that will pave the way for sustainable innovations in the financial sector and strengthen the UAE&#8217;s status as a rapidly developing global crypto market,&#8221; said Ahmed Jassim Al-Zaabi, Chairman of ADGM.<\/p>\n<\/blockquote>\n<p>In April Binance <a href=\"https:\/\/forklog.io\/binance-poluchila-odobrenie-dlya-raboty-v-abu-dabi\/\">received preliminary approval<\/a> from the Financial Services Regulatory Authority of the Abu Dhabi Global Market to operate as a virtual asset broker-dealer.<\/p>\n<p>In the summer the exchange announced the launch of payments and trading services based on licenses obtained in <a href=\"https:\/\/forklog.com\/en\/news\/binance-secures-licence-in-dubai\">Dubai<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/binance-granted-bahrain-crypto-asset-service-provider-licence\">Bahrain<\/a>.<\/p>\n<p>Binance CEO Changpeng Zhao <a href=\"https:\/\/forklog.com\/en\/news\/binance-chief-zhao-signals-joint-push-by-crypto-giants-with-regulators\">announced<\/a> plans to unite the industry&#8217;s biggest players to work with policymakers and regulators.<\/p>\n<p>Earlier the platform announced <a href=\"https:\/\/forklog.com\/en\/news\/binance-to-launch-fund-to-aid-industry-recovery\">the launch of the &#8216;recovery fund&#8217;<\/a>, intended to support industry participants affected by <a href=\"https:\/\/forklog.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">the collapse of FTX<\/a> to avoid a cascade effect.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FSRA granted Binance, the bitcoin exchange, permission to operate as a custodian for institutional clients.<\/p>\n","protected":false},"author":1,"featured_media":70163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1646,744,2295],"class_list":["post-70162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-abu-dhabi","tag-binance","tag-middle-east"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=70162"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70162\/revisions"}],"predecessor-version":[{"id":70164,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70162\/revisions\/70164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/70163"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=70162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=70162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=70162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}