Changer.ae Enters the Market with Regulated Crypto Custody Platform

<p>Changer.ae
Ltd, a crypto custodian service, has officially unveiled its platform, offering
individuals worldwide a solution for managing their digital assets. The
platform, regulated by the Financial Services Regulatory Authority (FSRA) of
Abu Dhabi Global Market (ADGM), marks a step in providing a consistent crypto
custodian service.</p><p>Changer.ae's
Regulatory-Backed Custodian Services</p><p>Changer.ae
operates under the regulatory framework established by the FSRA of ADGM,
ensuring adherence to rules and regulations concerning safe custody provisions,
technology governance, and other system controls. </p><p>The
United Arab Emirates (UAE) <a href="https://www.financemagnates.com/cryptocurrency/regulation/strategy-decentralization-and-tech-diplomacy-uaes-forward-thinking-crypto-regulation/">has
positioned itself as a trailblazer in the Middle East</a> and North Africa
region by fostering a regulatory environment that is both robust and
progressive. Recognizing the potential of digital assets, the <a href="https://www.financemagnates.com/tag/uae/">UAE</a> has intensified its
efforts to attract global businesses in the digital asset space, contributing
to increased investment and positive exposure in the region.</p><p>Changer.ae
offers independent custody provider with a wallet and unique subscription-style
monthly services. Notably, Changer’s wallet provides users with transparency, offering
an insured platform featuring advanced encryption and a multi-signature
authorization security system.</p><p>Strategic
Move: Holding Virtual Assets in Escrow</p><p>As
part of its launch strategy, Changer.ae is waiving custody fees for early
adopters until Q1 2024. This move aims to incentivize users to experience the
platform's offerings without incurring custody-related expenses during the
initial phase of operation.</p><p>Changer.ae
allows <a href="https://www.financemagnates.com/tag/cryptocurrency/">cryptocurrency</a>
investors worldwide to open an account through its mobile application available
on the App Store, Google Play Store, and Huawei App Gallery. The company plans
to introduce additional services in early Q1 2024, enabling users to convert
virtual assets into fiat currencies and hold them in escrow arrangements with a
strategic bank partner, yet to be disclosed.</p><p>Nadeem
Ladki, the Senior Executive Officer of Changer.ae, expressed his enthusiasm: “We are committed to investing in the infrastructure and abiding by
the regulations necessary to provide peace of mind to our global users to be a
leader in this space.”</p>

This article was written by Tareq Sikder at www.financemagnates.com.