Abu Dhabi, United Arab Emirates, July 31, 2024, Chainwire

• M2 ADGM now accepts deposits and withdrawals from UAE financial institution accounts and means that you can purchase (BTC) and (ETH) with UAE Dirhams (AED).

• Regulated by the Monetary Companies Regulatory Authority (FSRA) in ADGM, the brand new integration from M2 ADGM marks a major milestone for the adoption of crypto belongings within the area.

M2 ADGM, a crypto asset custodian and multilateral buying and selling facility regulated by the Monetary Companies Regulatory Authority (FSRA) domiciled in ADGM, at the moment introduced a brand new simplified pathway for UAE residents to purchase and promote Bitcoin (BTC) and Ethereum (ETH) by way of direct integration with financial institution accounts.

The mixing marks an vital milestone for M2 ADGM as it really works to increase its best-in-class product choices in a quickly evolving surroundings and for wider entry to crypto belongings within the area.

This may allow UAE residents to seamlessly and confidently convert United Arab Emirates Dirhams (AED) to BTC and ETH, and vice versa, by way of buying and selling pairs listed on M2's spot market, enabling customers to seize and rapidly adapt to market adjustments at a vital second within the progress of the crypto-asset sector each within the UAE and globally.

M2 ADGM is regulated by the FSRA, housed inside ADGM, which is considered one of many strongest digital asset regulators on the planet. Leveraging the power and safety of a sturdy banking infrastructure, this new pathway marks the newest milestone in M2 ADGM's ongoing efforts to construct belief and industry-leading compliance by providing each secure storage of digital belongings and the flexibility to commerce Bitcoin (BTC) and Ethereum (ETH) in UAE Dirhams (AED).

Commenting on the addition, Stephen Kimmel, CEO of M2, stated: “This regulatory compliant integration permits UAE residents to benefit from the familiarity of their current trusted banking providers, together with the leading edge safety and performance of our platform, all operating inside one of many world's strictest regulatory frameworks, the place client safety, know-how, governance and custody are paramount. This marks an vital step for M2 ADGM as we work to increase our choices for the MENA area and scale back friction for purchasers as they transfer between conventional finance and crypto belongings.”

To study extra about M2 ADGM’s new safe and seamless UAE checking account integration for UAE residents to purchase and promote crypto belongings, please go to https://www.m2.com/en_AE/.

About M2

Headquartered in Abu Dhabi, M2's mission is to speed up the adoption of crypto belongings inside the UAE by offering traders with a safe and clear buying and selling surroundings. The platform presents traders an ever-expanding suite of crypto asset merchandise whereas guaranteeing strict regulatory compliance. Regulated by the Monetary Companies Regulatory Authority (FSRA) situated in Abu Dhabi International Market (ADGM), M2 Restricted and M2 Custody Restricted are dedicated to making sure a secure buying and selling expertise whereas sustaining the best requirements of regulatory compliance.

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This text was first revealed on Chainwire