BlackRock gets business license to operate in Abu Dhabi, focusing on AI and private markets

Odaily News BlackRock, a multinational investment firm and issuer of spot Bitcoin ETFs, has obtained a business license to operate in Abu Dhabi, the capital of the United Arab Emirates. The UAE is a popular cryptocurrency center, but the report did not mention digital assets. Bloomberg commented that the license reflects BlackRock's interest in expanding in cryptocurrency-friendly regions. Charles Hatami, head of BlackRock's Middle East region, said in a statement that the company will focus on private markets and artificial intelligence infrastructure. In addition, the company is also seeking a license to operate in the Abu Dhabi Global Market (ADGM). (Cointelegraph)