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Standard Chartered’s crypto firm plots Abu Dhabi outpost in 2023

Abu Dhabi regulators have sought to cash in on the UK, US and Europe's slow pace of policing crypto

The UAE is the fifth-largest crypto market in the Middle East
The UAE is the fifth-largest crypto market in the Middle East Photo: Getty Images

Standard Chartered’s crypto spinoff Zodia Markets is planning to expand into Abu Dhabi next year, making the emirate its first outpost in the Middle East and Africa as it targets growth across the regions.

Zodia Markets has drafted an application to operate in Abu Dhabi but plans to submit a new one in early 2023 after extended talks with regulators.

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