Bitcoin Suisse has achieved an In-Principle Approval from the FSRA of ADGM, enabling its subsidiary, BTCS (Middle East) Ltd., to expand operations into the Middle East. This approval is essential for the company to obtain full licensing to offer regulated crypto services such as trading, custody, and securities to clients in a burgeoning financial hub. Ceyda Majcen of Bitcoin Suisse highlighted the IPA as a testament to their commitment to transparency and compliance, while ADGM noted its significance for the region's digital asset sector.
The In-Principle approval marks an important milestone in our global expansion journey, reflecting our strong commitment to transparency, security, and regulatory compliance.
Abu Dhabi, one of the Middle East's fastest-growing financial centers, presents a compelling opportunity for growth, allowing us to bring our experience in crypto finance.
ADGM congratulates Bitcoin Suisse on receiving its IPA, heralding a new chapter for crypto finance in the region.
With this IPA, Bitcoin Suisse can soon offer regulated services in the largest virtual asset hub in the MENA region.
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