Dubai's crypto platform secures approval for Abu Dhabi
BitOasis, a Dubai-based platform for trading cryptocurrencies, is slated to open in Abu Dhabi after receiving the green light for regulation. The Financial Services Regulatory Authority (FSRA) has approved the platform's Abu Dhabi-registered company, BLEX Financial Limited, to provide financial services BitOasis is now licensed to operate a regulated multilateral trading facility and custody platform for virtual assets in the Abu Dhabi Global Market (ADGM). According to BitOasis, the service will be available to private investors, institutional and accredited investors and trading companies. BitOasis was introduced in 2015 and approved in principle by the ADGM in May 2019. Another digital asset exchange, MidChains, is also planning to enter the ADGM after being approved in principle by the FSRA in August 2019. However, she is still waiting for full regulatory support. © 2021 funded global menu
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