Bitcoin Suisse Receives In-Principle Approval from Abu Dhabi Regulatory Authority

Bitcoin Suisse received in-principle approval from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority, marking a key step in its expansion into the Middle East.

Key Details

Approval allows Bitcoin Suisse's regional arm, BTCS (Middle East) Ltd, to operate in the UAE.
Full financial services license will enable regulated crypto services including trading virtual assets and digital custody solutions.
ADGM is known for its transparent regulatory framework, attracting international firms.
Bitcoin Suisse manages over $6 billion in digital assets and aims to replicate its Swiss success in Abu Dhabi.

Ceyda Majcen, Head of Global Expansion, highlighted the region's growth potential. The company plans to maintain high standards in transparency and security.

Currently, Bitcoin is trading at approximately $106,601.60, up by 1.24%, following recent positive developments in the market.