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Crypto Exchange BurjX Clears Regulatory Hurdle with ADGM’s Green Light
Crypto Exchange BurjX Clears Regulatory Hurdle with ADGM’s Green Light
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Abu Dhabi’s financial watchdog hands BurjX a provisional nod—another crypto player gets cozy with regulators while traditional banks grind their teeth.
The in-principle approval from ADGM’s Financial Services Regulatory Authority (FSRA) lets BurjX operate as a multilateral trading facility and custodian. Translation: they can now legally play middleman for your digital asset trades in the UAE.
Active verbs only? Here goes: BurjX bypasses regulatory limbo, cuts through red tape, and joins the UAE’s growing crypto sandbox. Not bad for a region that once treated Bitcoin like contraband.
Closing jab: Watch legacy finance scramble to keep up—nothing disrupts like a regulated disruptor.
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