Coinbase was approved in Abu Dhabi to promote the chaining of blocks of securities

Coinbase recently obtained approval from the Abu Dhabi Global Marketplace Financial Services Regulatory Authority to arrange investment transactions in the area. This approval provided the basis for Coinbase to establish a compliance securities market in Abu Dhabi, with a view to achieving the flow of regulated securities through block chain wallets. Coinbase stated that this strategy would combine regulated ownership interests, direct wallet access and block chain transfer infrastructure. The company plans to deploy a local team to Abu Dhabi to facilitate the development of its monetized securities business。