GTC Obtains a UAE Brokerage License
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On November 12, 2026, Finance Magnates reported that GTC had obtained a license in the United Arab Emirates (UAE), with plans to conduct over-the-counter (OTC) derivatives and currency brokerage business. The report did not disclose the specific license category, licensing authority, date of approval, or business launch arrangements. The news was reported by the Finance Magnates Daily Recap, which also mentioned other industry developments, including eToro’s expansion in Latin America, a decline in cryptocurrency trading, Revolut obtaining an Israeli banking license, and fines in a South Korean bond manipulation case; these matters are not directly related to GTC’s license.
AI-written from reports · updated 1 hour ago
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- Finance MagnatesGTC Obtains UAE License to Conduct OTC Derivatives and Currency Brokerage Business
GTC has obtained a UAE license to conduct OTC derivatives and currency brokerage business. Finance Magnates Daily Recap also covers eToro’s expansion in Latin America, a decline in crypto trading, Revolut obtaining an Israeli banking license, and fines in a South Korean bond manipulation case. The program also mentions the establishment of JT Prime, CFI’s governance model, and the CFTC’s ban preventing eight Americans from engaging in offshore forex sales.
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