CAPEX.com Granted In-Principle Approval from ADGM for Crypto License

Fazzaco learned that CAPEX.com, a leading global multi-licensed fintech broker, has received an in-principle approval to operate as a crypto broker from Abu Dhabi Global Market (ADGM), the international financial centre of the capital of the UAE.

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"I am excited to announce that we have received in-principle approval for our crypto license in the Mena region, under ADGM,"CAPAX.com's Founder and CEO, Octavian Pătrașcu said."We are happy that we can start this new vertical under Capex.com and become closer to our main goal of offering a powerhouse of trading for our users, under one roof."

ADGM introduced a virtual asset regulatory framework in 2018 and has since established itself as a leading global hub and business platform for virtual asset activities for local, regional and international firms.

The new approval further amplifies the brand name and vision of CAPEX.com in the MENA region, supplementing the company's existing retail license from the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). 

Earlier this year, CAPEX.com has appointed Abdelhadi Laabi as their Chief Marketing Officer for the MENA region.