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Abu Dhabi grants virtual asset firm M2 permission to offer crypto services

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital.In an Aug. 16 announcement, the Abu Dhabi-headquartered M2 said the regulatory approval would allow

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Abu Dhabi regulator grants trading firm Rain permission to offer crypto services

The Abu Dhabi Global Market Financial Services Regulatory Authority has granted its Financial Services Permission for cryptocurrency firm Rain to offer brokerage and custody services to residents. In a July 25 announcement, Rain said the regulatory approval will allow certain United Arab Emirates-based institutional and retail users to “buy, sell, trade,

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Marathon Digital announces immersion crypto mining operations in Abu Dhabi

Crypto mining firm Marathon Digital Holdings has announced it partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin mining facility in Abu Dhabi.In a May 9 notice, Marathon Digital said the joint venture will be based in Mina Zayed and Masdar City in the United

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Abu Dhabi Global Market’s Financial Free Zone Publishes Consultation Paper for DLT Projects, Decentralized Autonomous Organizations (DAO)

"This Consultation Paper is of interest to any persons operating or planning DLT projects, persons engaging in digital asset related activities and their legal advisors, as well as DLT industry participants, associations, and stakeholders," the document said. Original Source

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Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash

FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity.  Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 million. According to a recent report, the FTX sister trading firm agreed to sell the Sequoia stake to the Abu

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