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Binance Obtains Regulatory Approval from ADGM for Global Operations
AI Summary
According to Binance's announcement, the platform has obtained full regulatory authorization from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This approval allows Binance to operate its global platform under a broad regulatory framework, marking a significant milestone in its commitment to building a trustworthy and transparent digital assets platform. The transition to a new regulatory structure is set to enhance clarity, oversight, and risk management in Binance's operations.
Starting from 2026-01-06 08:00 (UTC), Binance services will be provided through three entities licensed by ADGM, each with specific functions. Nest Exchange Services Limited will operate as a Recognized Investment Exchange, handling all exchange activities, including spot trading and derivatives. Nest Clearing and Custody Limited will serve as a Recognized Clearing House, responsible for the settlement, clearing, and protection of users' digital assets. Nest Trading Limited will act as a Broker-Dealer, managing off-exchange activities and principal-based services, such as OTC trading. This structure reflects the regulatory architectures of traditional finance, ensuring precise regulatory permissions for each operational aspect.
To align with this new structure, Binance is updating its contractual agreements with users. Starting from 2026-01-05, services will be provided by the new licensed entities, and users' contractual relationships will transition accordingly. The updated Terms of Use and Privacy Notice will come into effect on the same date, with user acceptance confirmed through continued use of the platform. Additionally, Nest Clearing and Custody Limited will manage the clearing and custody agreements for exchange-traded derivative transactions.#FOMCWatch $BTC
AI Summary
According to Binance's announcement, the platform has obtained full regulatory authorization from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This approval allows Binance to operate its global platform under a broad regulatory framework, marking a significant milestone in its commitment to building a trustworthy and transparent digital assets platform. The transition to a new regulatory structure is set to enhance clarity, oversight, and risk management in Binance's operations.
Starting from 2026-01-06 08:00 (UTC), Binance services will be provided through three entities licensed by ADGM, each with specific functions. Nest Exchange Services Limited will operate as a Recognized Investment Exchange, handling all exchange activities, including spot trading and derivatives. Nest Clearing and Custody Limited will serve as a Recognized Clearing House, responsible for the settlement, clearing, and protection of users' digital assets. Nest Trading Limited will act as a Broker-Dealer, managing off-exchange activities and principal-based services, such as OTC trading. This structure reflects the regulatory architectures of traditional finance, ensuring precise regulatory permissions for each operational aspect.
To align with this new structure, Binance is updating its contractual agreements with users. Starting from 2026-01-05, services will be provided by the new licensed entities, and users' contractual relationships will transition accordingly. The updated Terms of Use and Privacy Notice will come into effect on the same date, with user acceptance confirmed through continued use of the platform. Additionally, Nest Clearing and Custody Limited will manage the clearing and custody agreements for exchange-traded derivative transactions.#FOMCWatch $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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