Cryptocurrency

Standard Chartered’s crypto firm Zodia Markets scores regulatory approval in Abu Dhabi

The financial centre in the emirate is becoming a key battleground for digital asset firms

Regulators across the world are fighting it out to be the next crypto hub
Regulators across the world are fighting it out to be the next crypto hub Photo: Christopher Pike/Getty Images

Standard Chartered’s crypto firm Zodia Markets is betting big on the Middle East for expansion after securing in-principle approval from the Abu Dhabi Global Market.

London-based Zodia Markets has been given the green light to operate as a crypto broker-dealer in the region, the latest digital asset business to look to the emirate, as regulators in the US and Europe tighten their nets on the sector.

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