BurjX Secures In-Principle Approval from ADGM’s Financial Services Regulatory Authority
The post BurjX Secures In-Principle Approval from ADGM’s Financial Services Regulatory Authority appeared on BitcoinEthereumNews.com.
[PRESS RELEASE – Abu Dhabi, UAE, May 6th, 2025] Igniting a New Era for Crypto in MENA with Professional-Grade Trading and Bank-Grade Security The future of crypto in MENA is taking shape. BurjX, a UAE-based digital asset brokerage, announced today that it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This marks a key regulatory milestone as BurjX moves towards securing its Financial Services Permission (FSP) to operate as a fully regulated, institutional-grade trading and custody platform. As the pioneer of the world’s first comprehensive virtual asset regulatory framework, ADGM’s approval reinforces BurjX’s commitment to building a next-generation platform founded on trust, transparency, and institutional adoption in MENA. A New Era for Crypto in MENA “This is an exciting step forward – not just for BurjX, but for crypto in MENA as a whole,” said Omar Abbas, Co-Founder & CEO of BurjX. “Secure, institutional-grade custody is the foundation of a trusted trading platform, and the MENA region is ready for it. As BurjX moves toward final regulatory approval, we are reimagining crypto trading – seamlessly integrating cutting-edge security with a frictionless trading experience in a single, unified platform.” Adam Ferris, Co-Founder & Chairman of BurjX, underscored the company’s vision: “This milestone is just the beginning. We’re building something that doesn’t just meet the highest security and regulatory standards – it’s about raising the bar for enterprise-grade custody, compliance, and market integrity. BurjX is shaping the future of responsible digital asset trading.” Wall Street Meets MENA: The Next Crypto Powerhouse BurjX was founded to bring North American expertise into MENA’s rapidly growing crypto landscape. Omar Abbas, co-founder of NDAX – Canada’s leading cryptocurrency exchange, has over a decade of experience in fintech, banking, and digital assets. He’s worked at Canada’s top…
Filed under: News - @ May 6, 2025 10:29 am