QCP Group has received a Financial Services License (FSP) from the Financial Services Regulatory Authority (FSRA) Abu Dhabi, allowing it to provide cryptocurrency services within the regulatory framework in the UAE.
From its strategic hub in Abu Dhabi, QCP is licensed to launch spot and Derivative trading, market making and structuring solutions for institutional and professional clients, expanding its regulated operations.
- QCP is licensed by the Financial Services License (FSP) by the FSRA Abu Dhabi.
- Scope: spot trading, Derivative, market making, structuring solutions for institutional clients.
- The Abu Dhabi location enables QCP to operate within an international regulatory framework.
What is an FSP license and what activities does it allow?
The FSP license issued by the FSRA is a certification that allows the provision of regulated financial services in the Abu Dhabi financial district, including cryptocurrency related services within the scope of the license.
With FSP, QCP can execute spot and Derivative trading, provide market making services and design structured solutions for institutional and professional clients, operating under local regulatory oversight.
Implications for QCP and customer organizations
The license enhances QCP's legitimacy and credibility when serving institutional clients, helping to access markets and partners within a clear regulatory framework.
Institutional clients can access supervised services, reduce compliance risks and increase transaction transparency. At the same time, QCP has a competitive advantage in its ability to provide Derivative and structured solutions according to regulatory standards.
Risks and legal considerations
Although licensed, operations are still subject to FSRA regulations and AML/KYC requirements; violations may result in penalties or revocation of license.
Investors and institutional clients should evaluate the terms of service, scope of supervision and level of customer protection in Abu Dhabi to understand the benefits and risks of using QCP's services.
Q: Which agency issued this license?
The FSP license is issued by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market.
Q: What services is QCP allowed to provide?
QCP is licensed to provide spot trading, Derivative trading, market making and structuring solutions to institutional and professional clients.
Q: Does licensing mean absolute safety for investors?
No; licensing increases transparency and oversight but investors still have to assess market, compliance and security risks when using the service.
Q: When is the license notice issued?
QCP announced the receipt of the license on September 4.
