Bitcoin Suisse eyes UAE expansion with regulatory nod in Abu Dhabi
Bitcoin Suisse has obtained in-principle approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, marking a significant milestone in its expansion outside the European Union. This approval, received through its subsidiary BTCS (Middle East), paves the way for a full financial services license, enabling the firm to offer regulated crypto services including digital asset trading, crypto securities, derivatives, and custody solutions. Ceyda Majcen, head of global expansion for Bitcoin Suisse, emphasized the firm's commitment to transparency and regulatory compliance. The move into Abu Dhabi capitalizes on the region's potential as a burgeoning financial hub for cryptocurrencies, as more firms recognize the Middle East's business-friendly regulatory environment. Bitcoin Suisse, founded in 2013, has been influential in shaping Switzerland's crypto ecosystem and is poised to make significant contributions to the Middle East's growing crypto landscape.
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