Managed services provider Liminal receives approval in Abu Dhabi to expand in Asia
2024-05-13 09:53
Odaily News Singapore-based custody provider Liminal has received approval from regulators in Abu Dhabi, a representative for the company told CoinDesk on Monday. The company’s First Answer Middle East subsidiary previously received a financial services license (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), allowing it to provide custody services in the region. The project received in-principle approval last year. In the past few weeks, Liminal has seen a series of positive regulatory developments in the Asia Pacific (APAC) and Middle East and North Africa (MENA) regions. Late last month, its Dubai entity First Answer Custody FZE received preliminary approval from the UAE Virtual Asset Regulatory Authority (VARA); Liminal’s Indian subsidiary First Answer India Technologies was also registered as a reporting entity. (CoinDesk)
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