Singapore's QCP receives In-Principle Approval from Abu Dhabi's FSRA to conduct regulated digital asset activities.

Singapore-based digital assets firm QCP has received In-Principle Approval (IPA) from Abu Dhabi's Financial Services Regulatory Authority (FSRA) to conduct regulated activities. This marks a significant milestone for QCP, aiming to become a regulated digital assets business, and follows ADGM's introduction of a comprehensive regulatory framework for virtual asset activities. QCP plans to leverage Abu Dhabi as a base for driving innovation and expanding its business, subject to regulatory approval for the grant of the Financial Services Permission (FSP).

May 07, 2024
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