The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital and traditional assets. Laser Digital CEO Jez Mohideen said of the ADGM that their comprehensive and clear regulatory framework is creating a global hub for digital assets. The ADGM is an international financial free zone within Abu Dhabi, capital of the United Arab Emirates (UAE). Binance, Kraken, M2 and Rain have all received permission to operate in the ADGM this year. Another emirate, Ras Al Khaimah, created a free zone for digital and virtual asset companies called RAK Digital Assets Oasis (RAK DAO) earlier this year. Laser Digital received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) in August and launched a Bitcoin Adoption Fund in the same month. Nomura is also part of the Komainu joint venture, along with cryptocurrency exchanges CoinShares and Ledger. Koimanu received an operating license from Dubai’s VARA in August.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇦🇪 🇯🇵 🇧🇭 |
| Sentiment | positive |
| Relevance Score | 9 |
| People | VARA., Ledger, CoinShares, Jez Mohideen, Nomura Bank |
| Companies | Komainu, Abu Dhabi Global Market, Virtual Asset Regulatory Authority, Binance, CoinShares, Rain, Kraken, M2, Nomura Bank, Ledger. |
| Currencies | Ethereum, Kuwaiti Dinar, United Arab Emirates Dirham, Bitcoin |
| Securities | None |
