Sets a new standard in digital-asset regulation
Binance, the world’s largest cryptocurrency exchange by trading volume and users, recently announced a landmark regulatory achievement.
The Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, has formally approved the authorisation of Binance’s global platform, Binance.com, under a comprehensive regulatory framework, according to a press statement.
This global first is a major step in Binance’s mission to create the most trusted and compliant digital-asset ecosystem in the world. A license granted by FSRA of ADGM offers Binance credibility and seamless access across multiple markets, extending well beyond the UAE, and cements Binance’s position at the forefront of regulatory progress in digital finance.
This comprehensive regulatory approval covers Binance’s global platform, Binance.com, via three separate regulated entities operating within ADGM. Each of the three entities (an Exchange, a Clearing House, and a Broker Dealer) holds distinct regulatory permissions to conduct specific financial services activities in line with ADGM’s internationally recognised, gold-standard regulatory framework.
FSRA License
“ADGM is one of the most respected financial regulators globally, and holding an FSRA license under their gold standard framework shows that Binance meets the highest international standards for compliance, governance, risk management, and consumer protection,” stated Richard Teng, Co-CEO, Binance.
“We look forward to seeing Binance harness the strength of ADGM’s progressive regulatory framework and dynamic ecosystem contributing to the evolution of a more innovative, inclusive, and future-ready global financial sector,” remarked Ahmed Jasim Al Zaabi, Chairman, ADGM.
With over 300 million registered users globally and more than US$ 125tn in cumulative trading volume, Binance continues to lead the evolution of the digital asset ecosystem by building a secure, transparent, and fully compliant infrastructure.
