{"id":23292,"date":"2023-09-06T12:40:02","date_gmt":"2023-09-06T12:40:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-backed-zodia-markets-approved-as-a-crypto-broker-in-abu-dhabi\/"},"modified":"2023-09-06T12:40:02","modified_gmt":"2023-09-06T12:40:02","slug":"standard-chartered-backed-zodia-markets-approved-as-a-crypto-broker-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-backed-zodia-markets-approved-as-a-crypto-broker-in-abu-dhabi\/","title":{"rendered":"Standard Chartered-backed Zodia Markets approved as a crypto broker in Abu Dhabi"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1694002229713-5ef7c5e3-a3e0-412c-8c1c-84640209e011-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1694002229713-5ef7c5e3-a3e0-412c-8c1c-84640209e011-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1694002229713-5ef7c5e3-a3e0-412c-8c1c-84640209e011-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1694002229713-5ef7c5e3-a3e0-412c-8c1c-84640209e011-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The in-principle approval was given by the Abu Dhabi Global Market (ADGM).<\/li>\n<li>Abu Dhabi launched a $2 billion effort to boost Web3 projects in February.<\/li>\n<li>Abu Dhabi will give Zodia Markets a chance to expand into the Middle East region.<\/li>\n<\/ul>\n<p>In some exciting <a href=\"https:\/\/coinjournal.net\/news\/\">crypto news<\/a>, Zodia Markets, a platform for digital assets supported by Standard Chartered Ventures, has received approval in principle to operate as an over-the-counter (OTC) cryptocurrency broker-dealer in Abu Dhabi<\/p>\n<p>The approval was given by the Abu Dhabi Global Market (ADGM), a global financial hub in the United Arab Emirates that has been making an effort to entice enterprises involved in the cryptocurrency industry. The third stage of a five-stage application process is considered to be the in-principle level. According to the ADGM instructions, the following steps entail receiving final approval and passing through an \u201coperational launch\u201d test.<\/p>\n<p>According to the CEO of ADGM Authority, Salem Mohammed Al Darei:<\/p>\n<p><em>\u201cThe harmony of traditional and new-age finance in Abu Dhabi with an international leading digital asset firm such as Zodia Markets that is backed by the well-established Standard Chartered will contribute to further enhancing the attractiveness of ADGM as a preferred destination for global entities.\u201d\u00a0<\/em><\/p>\n<p>The ADGM was one of the first regulators to propose a special licensing system for providers of virtual asset services.<\/p>\n<p>Among other approvals, the regulator has given virtual asset platform M2 and the crypto exchange Rain was granted licenses.<\/p>\n<p>According to reports, Zodia Markets chose Abu Dhabi, the capital of the UAE, as a strategic expansion to give institutional investors in the Middle East and Africa access to cryptocurrency. Last year, Abu Dhabi hosted the <a href=\"https:\/\/coinjournal.net\/news\/abu-dhabi-to-host-inaugural-middle-east-blockchain-awards\/\">Inaugural Middle East Blockchain Awards<\/a> to recognise and reward outstanding efforts within the blockchain and Web 3.0 fields.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-backed-zodia-markets-approved-as-a-crypto-broker-in-abu-dhabi\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The in-principle approval was given by the Abu Dhabi Global Market (ADGM). Abu Dhabi launched a $2 billion effort to boost Web3 projects in February. Abu Dhabi will give Zodia Markets a chance to expand into the Middle East region. In some exciting [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23292"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23292"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23293"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}