The Abu Dhabi International Market Monetary Providers Regulatory Authority has granted a monetary companies license to cryptocurrency agency Rain to supply brokerage and custody companies to residents.
July 25 in an announcement revealed by Rain stated regulatory approval will permit sure UAE-based institutional and retail customers to “purchase, promote, commerce and maintain digital property” by the platform. In keeping with Rain CEO Joseph Dallago, the buying and selling firm is just too cooperated with a neighborhood financial institution to facilitate the supply of companies, “underneath the supervision of a neighborhood regulator and a complete authorized framework” to guard shoppers.
Proceed studying Coin Telegraph.
