Crypto asset exchange BitOasis receives 'in-principle' approval from Abu Dhabi regulator | ZAWYA MENA Edition:
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has granted digital asset exchange BitOasis regulatory in-principle approval (IPA) to carry out specific regulated activities within ADGM once it receives a license on satisfaction of the IPA’s requirements.
Launched in 2015, BitOasis is attempting to become the first licensed and regulated crypto asset exchange and custodian in the Middle East.
“In terms of expansion, our focus in the next 12 months is the Middle East, with focus on GCC and Saudi Arabia in particular,” Ola Doudin, CEO and co-founder of BitOasis told Zawya in emailed comments.
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