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Regulation

ADGM grants HAYVN in-principal approval

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HAYVN plans to carry out specific regulated activities as soon as it receives the final regulatory approval.

Tuesday 18, June 2019 BY KUDAKWASHE MUZORIWA

Abu Dhabi Global Market’s (ADGM) financial regulator, Financial Services Regulatory Authority, (FSRA) has granted HAYVN in-principle approval (IPA).

HAYVN offers clients a secure platform to buy and sell digital currency directly from one another in exchange for fiat currency as well as holds both digital currency and fiat in escrow and facilitates transfer as part of the settlement of transactions conducted on its platform in a safe, secure and transparent environment.

Ahmed Ismail, HAYVN Co-founder, said, “The Gulf is renowned as a centre of finance and innovation, so we are delighted to be one step closer to operating in the region.”

TAGS : ADGM, FSRA, HAYVN, IPA, in principal approval

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