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Abu Dhabi Global Market Approves 1st Licensed Crypto Exchange

Abu Dhabi Global Market is an international financial center and free zone located on Al Maryah Island in the United Arab Emirates’s capital, Abu Dhabi. The financial center was established in 2013 by Abu Dhabi Chamber of Commerce. BitOasis is MENA’s leading platform that allows you to securely buy, sell and trade crypto assets like Bitcoin, Ether, XRP and Bitcoin Cash at the best rates.

BitOasis has received new regulatory approvals from the Abu Dhabi Global Market as it prepares to launch the first licensed crypto exchange in the Middle East.

Watch this extended Ripple Drop back in 2019 from Dilip Rao where he talks about the work being done in Abu Dhabi, especially with central banks.

According to media reports,

“BitOasis is now authorised to operate a regulated Multilateral Trading Facility (MTF) and custody platform for virtual assets in Abu Dhabi Global market in the UAE,”

“We’re delighted to have achieved yet another milestone in the regulatory evolution of virtual asset market structure in the region. ADGM has been instrumental in our journey, having granted the first In Principal Approval (IPA) for BitOasis in April 2019, and we look forward to launching under our regulatory licenses in due course subject to further regulatory approvals from the FSRA,” said Ola Doudin, CEO and co-founder of BitOasis, according to media reports.

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