The Abu Dhabi Global Market Financial Companies and products Regulatory Authority has granted its Financial Companies and products Permission for cryptocurrency firm Rain to present brokerage and custody services to residents.
In a July 25 announcement, Rain talked about the regulatory approval will allow obvious United Arab Emirates-based institutional and retail users to “aquire, promote, alternate, and store virtual sources” thru the platform. In response to Rain CEO Joseph Dallago, the procuring and selling firm has also partnered with a native bank to facilitate services, under the “supervision of a native regulator and thorough simply framework” for particular person protection.
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