Singapore digital asset custodian LIMINAL has received approval from Abu Dhabi regulators to expand its business in Asia. The company's Middle East subsidiary FIRST ANSWER Middle East has obtained a financial services license (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), allowing it to provide custody services in the region. In addition, LIMINAL has also seen positive regulatory developments in the Asia-Pacific (APAC) and Middle East and North Africa (MENA) regions, including its Dubai entity FIRST ANSWER CUSTODY FZE's preliminary approval from the UAE Virtual Asset Regulatory Authority (VARA), and its Indian subsidiary FIRST ANSWER INDIA TECHNOLOGIES' registration as a reporting entity.

Odaily Planet Daily News: A representative of Singapore digital asset custodian Liminal said in an interview on Monday that the company has been approved by Abu Dhabi regulators. The company's First Answer Middle East subsidiary previously obtained a financial services license (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), allowing it to provide custody services in the region. The project was approved in principle last year.
In the past few weeks, Liminal has seen a series of positive regulatory developments in the Asia-Pacific (APAC) and the Middle East and North Africa (MENA) regions. At the end of last month, its Dubai entity First Answer Custody FZE received preliminary approval from the UAE Virtual Asset Regulatory Authority (VARA); Liminal's Indian subsidiary First Answer India Technologies is also registered as a reporting entity. (CoinDesk)

LIMINAL receives approval in Abu Dhabi to expand into Asia