Financial institutions in the UAE and the GCC region are beginning to pour funds into crypto assets. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has taken cognizance of this in a timely manner and has developed a crypto asset regulatory environment over the past year that encourages individual investors and large institutions to trade in crypto assets comfortably.
Digital Assets Exchange (DEX) is one of only a handful of companies that have received in-principal approval (IPA) to operate a cryptocurrency exchange, subject to the FSRA’s final approval. Within this framework, know-your-customer (KYC) and anti-money-laundering (AML) validated customers can be on-boarded onto an exchange that permits them to start placing buy and sell orders on the cryptocurrency platform.
Read the full article: https://www.ameinfo.com/industry/finance/crypto-exchange-dex-saeed-hareb-al-darmaki