Laser Digital, a division of Nomura focused on cryptocurrencies, has obtained a broker license in Abu Dhabi for both traditional and digital assets. The Financial Services Regulatory Authority of Abu Dhabi has granted the company a Financial Services Permission (FSP) license, marking the completion of its licensing process with the Abu Dhabi Global Market (ADGM). This license enables Laser Digital to offer broker-dealer, asset, and fund management services for both digital and traditional assets in the region. The CEO, Jez Mohideen, views this approval as a significant achievement. The decision to expand in Abu Dhabi was influenced by the region's favorable crypto regulations. The Central Bank of the UAE recently approved a new stablecoin licensing system, further highlighting the region's innovation-friendly environment. Various crypto firms, including QCP Capital and Chainalysis, are establishing a presence in Abu Dhabi, solidifying its position as a growing cryptocurrency hub. Read more AI-generated news on: https://app.chaingpt.org/news