Crypto broker Rain received permission to work in the UAE

Cryptocurrency brokerage company Rain has received permission from the financial regulator of Abu Dhabi to operate as a virtual asset service provider in the UAE. A Financial Services Permit (FSP) in the United Arab Emirates (UAE) will give the company the right to provide institutional and retail clients with services for the sale and custody of virtual assets. In addition, Rain will be the only regulated platform in the country for depositing and withdrawing UAE…