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Crypto Market Maker QCP Capital Secures In-Principle Approval to Operate in Abu Dhabi
Leading global digital assets market maker and broker-dealer QCP Capital has achieved a significant milestone regarding its international expansion plans. According to a Bloomberg report on Tuesday, the company received in-principle approval to enter Abu Dhabi to explore its digital asset market. The Financial Services Regulatory Authority of Abu Dhabi Global Market granted QCP Capital a license, allowing it to offer regulated crypto services to customers in the region in compliance with local regulations.
QCP’s Middle East Vision
The new development has made the company the first crypto options desk in Singapore to secure preliminary approval to operate in the United Arab Emirates (UAE).
The company’s CEO Melvin Deng said QCP targeted Abu Dhabi due to its progressive approach to crypto. He disclosed that the geographical location of the Emirates contributed significan
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