FTX Continues Global Growth: Full Authority from Dubai

FTX, one of the world’s largest cryptocurrency exchanges, has received full authorization for its operations in Dubai.

Reuters’ 29 July dated according to the newsCryptocurrency exchange FTX from Dubai in March. limited activity subsidiary of FTX Europe after its license FTX Exchange FZE 29 July in his statement on Clearing and Market Maker in Dubai announced that it had obtained its licenses.

The company announced that it will start by offering crypto derivatives products and trading services to institutional investors in Dubai, as well as providing NFT sales and custody services.

CEO of FTX Middle East and North Africa Balm Danbach In an interview with Reuters, his licenses individual Dubai’s regulator of the cryptocurrency market, which includes investors as well, but serves individual investors. Virtual Assets Regulatory Authority regulations set by complete to apply that they will gradually launch individual services stated.

March 2022 The world’s highest-volume cryptocurrency exchange in its history to Binance“Digital Asset Storage and Exchange” license While many other regulators are conservative about digital assets, according to experts, Dubai increasing its dominance in the market.

According to the information in the Bitexen research report, although Dubai’s industry-promoting regulations make Dubai a center of attraction for cryptocurrencies, money laundering watchdog the one which… Financial Action Task Force (FATF) United Arab Emirates, with the view that black money tracking will become more difficult. to the gray list receipt.

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