[PRESS RELEASE – Abu Dhabi, United Arab Emirates, July 31st, 2024]
• M2 ADGM now accepts deposits and withdrawals from UAE financial institution accounts to buy Bitcoin (BTC) and Ethereum (ETH) with United Arab Emirates’ Dirhams (AED)
• The brand new integration from M2 ADGM, regulated by the Monetary Companies Regulatory Authority (FSRA) positioned within the ADGM, marks a major milestone for the area’s adoption of digital belongings
M2 ADGM, a digital asset custodian and a Multilateral Buying and selling Facility regulated by the Monetary Companies Regulatory Authority (FSRA) positioned within the ADGM, as we speak publicizes a brand new and simplified pathway for UAE residents to purchase and promote Bitcoin (BTC) and Ethereum (ETH) by a direct integration with their checking account.
The mixing serves as a major milestone each for the broader accessibility of digital belongings within the area, in addition to M2 ADGM, as they work to broaden upon a best-in-class product providing inside a quickly evolving panorama.
This allows UAE residents to seamlessly and confidently convert United Arab Emirates’ Dirhams (AED) into BTC and ETH – and vice versa – through buying and selling pairs listed on M2’s spot market. This enables customers to grab upon and swiftly adapt to market adjustments, in a pivotal second of development within the digital belongings house, each within the UAE and globally.
M2 ADGM is regulated by the FSRA – positioned within the ADGM – thought of one of many world’s most sturdy digital asset regulators. The brand new pathway, which leverages the power and safety of strong banking infrastructure, is the latest milestone in M2 ADGM’s continued work to construct belief and trade main compliance in offering each the protected custody of digital belongings, and the power to commerce Bitcoin (BTC) and Ethereum (ETH) with UAE Dirham (AED).
Talking on the addition, CEO of M2 Stefan Kimmel stated, “By way of this compliant integration, UAE residents can benefit from the familiarity of their present and trusted banking providers, coupled with the cutting-edge safety and performance of our platform – all executed inside one of many world’s strictest regulatory frameworks the place shopper safety, know-how, governance and custody are paramount. It’s a vital step for M2 ADGM as we work to broaden our providing for the MENA area and cut back the friction in how shoppers can navigate between conventional finance and digital belongings.”
To study extra about M2 ADGM’ s new, safe and seamless UAE checking account integration for UAE residents to purchase and promote digital belongings, customers can go to https://www.m2.com/en_AE/.
About M2
Headquartered in Abu Dhabi, M2’s mission is to drive digital asset adoption inside the UAE by delivering a safe and clear buying and selling surroundings for buyers. The platform offers buyers with a rising suite of digital asset merchandise whereas guaranteeing strict regulatory compliance. Regulated by the Monetary Companies Regulatory Authority (FSRA) positioned within the Abu Dhabi World Market (ADGM), M2 Restricted and M2 Custody Restricted are dedicated to making sure a protected buying and selling expertise, upholding the best requirements of regulatory compliance.
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