Bloomberg: QCP Capital has received in-principle approval from the Abu Dhabi Global Market Financial Services Regulatory Authority.

ChainCatcher news, according to Bloomberg, QCP Capital has received preliminary approval to operate in Abu Dhabi, becoming the latest cryptocurrency company to expand into the Middle East.

According to a statement on Tuesday, the seven-year-old company has received in-principle approval from the Abu Dhabi Global Market Financial Services Regulatory Authority to conduct regulated activities. According to a spokesperson from the Abu Dhabi Global Market, the company is the first Singapore digital asset market maker and broker to receive preliminary approval.