XED (Digital Assets Exchange) has received preliminary approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market as part of the digital asset regulatory ecosystem developed by the Financial Services Regulatory Authority last year. “This is an important event and we are excited to be part of the financial history of the UAE,” said Leon Smith, CEO and founder of DEX. “It is exciting to be part of the regulatory landscape that will help shape the international ecosystem of digital asset exchange and encourage institutional participation in assets. Digital as an alternative asset class. DEX will provide individual and institutional investors to invest through a fully regulated digital asset exchange in a highly regulated financial ecosystem. Organize financial services that oversee all asset and digital financial services activities in the Abu Dhabi Global Market. The exchange will approve the encrypted exchange in the major international currencies offered, as well as local currency pairings in the UAE and GCC markets.
Read the full article in Arabic: https://www.albayan.ae/economy/local-market/2019-08-30-1.3637242