The post Laser Digital Secures ADGM Approval to Offer Crypto Services in UAE appeared on BitcoinEthereumNews.com.

Laser Digital receives regulatory approval from ADGM to offer crypto services. Approval highlights ADGM’s commitment to robust crypto regulations. Laser Digital aims to serve the growing UAE virtual asset market. Laser Digital secures ADGM license, highlighting UAE’s regulatory framework commitment. Read how this move positions them in the virtual asset market. Laser Digital Obtains ADGM Regulatory Approval Laser Digital (AD) Limited, a subsidiary of the renowned Nomura Group, has acquired a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority. This pivotal approval allows Laser Digital to extend its services as a broker-dealer and manage both virtual and traditional assets within the ADGM jurisdiction. CEO Jez Mohideen expressed the company’s elation over this milestone. He highlighted that the approval underscores ADGM’s dedication to fostering a progressive regulatory environment for financial services. Arvind Ramamurthy, Chief of Market Development at ADGM, welcomed the move and noted Laser Digital’s alignment with international regulatory standards and best practices. Expanding Services to Meet Market Needs Laser Digital’s licensure marks a significant expansion in its service offerings. This approval strategically positions the company to meet the increasing demand for dependable financial services within the UAE’s rapidly evolving virtual asset sector. By securing this license, Laser Digital can now offer comprehensive broker-dealer services and asset/fund management solutions, establishing a robust foothold in the regional market. Operating in a landscape characterized by advancing regulatory frameworks and technological innovation, Laser Digital’s strategy remains firmly rooted in regulatory compliance and the adoption of industry best practices. Implications for the Financial Ecosystem This regulatory endorsement from ADGM signifies a broader integration of partners like Laser Digital into its financial community. The inclusion of such established firms contributes significantly to the resilience and growth of the financial ecosystem. ADGM’s confidence in Laser Digital’s operational capabilities further…

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Filed under: News - @ June 19, 2024 6:08 pm