Dubai crypto platform secures Abu Dhabi approval


digital currency bitcoinBitOasis, a Dubai-based crypto currency trading platform, is set to open in Abu Dhabi after it was given the regulatory green light.
The Financial Services Regulatory Authority (FSRA) has granted financial services permission to the platform’s Abu Dhabi-registered entity, BLEX Financial Limited
BitOasis is now licensed to operate a regulated multilateral trading facility and custody platform for virtual assets in Abu Dhabi Global Market (ADGM).
According to BitOasis, the service will be available to retail, institutional and accredited investors as well as trading firms.
BitOasis launched in 2015 and achieved in principle approval from the ADGM as far back as May 2019.
Another digital asset exchange, MidChains, is also looking to operate in the ADGM after being given in principle approval from the FSRA in August 2019, however it is still awaiting full regulatory backing. 

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