Bitcoin Suisse eyes UAE expansion with regulatory nod in Abu Dhabi
Summary
Bitcoin Suisse received in-principle approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market, facilitating its expansion beyond the European Union. This approval, granted through its subsidiary BTCS (Middle East), is a step toward obtaining a full financial services license to offer regulated crypto services, including digital asset trading and custody solutions. The firm emphasizes its commitment to transparency and regulatory compliance. The Middle East is increasingly viewed as a potential global crypto hub, with other firms like Circle also securing approvals from the FSRA. The Stacks Asia DLT Foundation has partnered with ADGM to promote regulatory frameworks for Bitcoin in the region.
