Bahrain-based crypto exchange rain has obtained a license to operate a virtual asset brokerage and custody service in Abu Dhabi. camomileshumba and amitoj report
Crypto exchange Rain has obtained a license to operate a virtual asset brokerage and custody service for its clients in the United Arab Emirates,.," Joseph Dallago, CEO and co-founder of the Bahrain-based company, tweeted on Tuesday."This is a 5 year effort, as we were one of the first exchanges to enquire about licensure back in 2018, when the ADGM released their virtual asset framework," referring to the Abu Dhabi Global Market financial freezone.
The license means Rain's Abu Dhabi-based unit can offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets,
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