Exchange to operate through three licensed entities under ADGM oversight starting January 2026Exchange to operate through three licensed entities under ADGM oversight starting January 2026

Binance Receives Full Regulatory Authorization in Abu Dhabi

2025/12/08 12:49
Binance Receives Full Regulatory Authorization in Abu Dhabi

Binance has secured comprehensive regulatory approval from Abu Dhabi's Financial Services Regulatory Authority (ADGM FSRA) to operate its global platform, the company announced Sunday.

The authorization from the ADGM FSRA will see Binance restructure its operations through three separate licensed entities beginning January 5, 2026, according to the anonouncement. Each entity will handle distinct aspects of the platform's services under what Binance describes as an internationally recognized regulatory framework.

Nest Exchange Services Limited will function as a recognized investment exchange, managing spot and derivatives trading activities. Nest Clearing and Custody Limited will operate as a recognized clearing house, serving as central counterparty for derivative trades and holding custody of user digital assets. Nest Trading Limited will act as a broker-dealer for off-exchange services including OTC trading and other principal-based products.

"This license provides regulatory clarity and legitimacy, enabling Binance to support its global operations from ADGM. While our global operations remain distributed, leveraging talent and innovation worldwide, this regulatory foundation offers our users peace of mind knowing Binance operates under a globally recognised, gold standard framework," Richard Teng, co-CEO of Binance said in the announcement.

The structural separation mirrors traditional financial market architecture, according to Binance, with each entity operating under specific regulatory permissions designed to enhance oversight and risk management.

Under the transition, contractual relationships with users will shift from Nest Services Limited to the three new entities through an automatic novation process outlined in existing terms of service. Users will maintain access through current login credentials, with balances and trading functionality continuing uninterrupted.

Binance characterized the regulatory milestone as part of its commitment to building a transparent and resilient digital asset platform. The company has updated its terms of use and privacy notice to reflect the new structure, with documents available for user review ahead of the January implementation date.

➢ Stay ahead of the curve. Join Blockhead on Telegram today for all the latest in crypto.
+ Follow Blockhead on Google News
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

BFX Presale Raises $7.5M as Solana Holds $243 and Avalanche Eyes $1B Treasury — Best Cryptos to Buy in 2025

BFX Presale Raises $7.5M as Solana Holds $243 and Avalanche Eyes $1B Treasury — Best Cryptos to Buy in 2025

BFX presale hits $7.5M with tokens at $0.024 and 30% bonus code BLOCK30, while Solana holds $243 and Avalanche builds a $1B treasury to attract institutions.
Share
Blockchainreporter2025/09/18 01:07
OCC Findings Suggest Major U.S. Banks Restricted Access for Digital Asset Firms Amid Debanking Probe

OCC Findings Suggest Major U.S. Banks Restricted Access for Digital Asset Firms Amid Debanking Probe

The post OCC Findings Suggest Major U.S. Banks Restricted Access for Digital Asset Firms Amid Debanking Probe appeared on BitcoinEthereumNews.com. The Office of the Comptroller of the Currency (OCC) has confirmed that nine major U.S. banks engaged in debanking practices from 2020 to 2023, restricting access for digital asset firms and other sectors. This marks the first official acknowledgment of these policies, which limited services based on customer types, affecting crypto businesses significantly. OCC report highlights inappropriate distinctions by banks like JPMorgan Chase and Bank of America, targeting crypto and high-risk sectors. Nine banks reviewed showed similar policies restricting customer access without objective risk assessments. Impacted industries include digital asset firms, with potential referrals to the Attorney General for unlawful practices. Discover how major U.S. banks’ debanking policies hit crypto firms hard, per OCC’s 2025 report. Learn the implications for digital assets and what regulators are doing next—stay informed on banking risks today! What Are the OCC’s Findings on Banks Debanking Crypto Firms? Banks debanking crypto firms involves major financial institutions limiting or denying services to digital asset businesses based on perceived risks, as detailed in a recent Office of the Comptroller of the Currency (OCC) report. From 2020 to 2023, nine of the largest U.S. banks implemented policies that required escalated reviews or outright restrictions for certain customers, including those in the crypto sector. This practice, now publicly confirmed, underscores ongoing tensions between traditional banking and emerging digital asset industries. How Did These Debanking Practices Affect Digital Asset Companies? The OCC’s six-page report, released on Wednesday, revealed that institutions such as JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, U.S. Bancorp, Capital One, PNC Financial Services Group, Toronto-Dominion Bank, and Bank of Montreal made distinctions among customers that were deemed inappropriate. For digital asset firms, this meant heightened scrutiny or complete denial of banking services, hindering operations in an already volatile market. The regulator noted that these policies spanned…
Share
BitcoinEthereumNews2025/12/11 11:01