{"id":129697,"date":"2025-05-21T11:15:28","date_gmt":"2025-05-21T11:15:28","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129697"},"modified":"2025-05-21T11:15:28","modified_gmt":"2025-05-21T11:15:28","slug":"bitcoin-suisse-eyes-uae-expansion-with-regulatory-nod-in-abu-dhabi","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129697","title":{"rendered":"Bitcoin Suisse eyes UAE expansion with regulatory nod in Abu Dhabi"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin Suisse secured an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking a major step in the Swiss crypto firm\u2019s expansion beyond the European Union.<br \/>\nThe Swiss crypto financial service provider received the in-principle approval through its subsidiary BTCS (Middle East), according to a May 21 news release.<br \/>\nThe IPA is a precursor to a full financial services license, which would allow Bitcoin Suisse to provide regulated crypto financial services such as digital asset trading, crypto securities and derivatives offerings, as well as custody solutions.<br \/>\nThe approval reflects the firm\u2019s \u201cstrong commitment to maintaining the highest standards of transparency, security, and regulatory compliance,\u201d according to Ceyda Majcen, head of global expansion and designated senior executive officer of BTCS (Middle East).<br \/>\nSource: Bitcoin Suisse\u201cAbu Dhabi, one of the Middle East\u2019s fastest-growing financial centers, presents a compelling opportunity for growth. We look forward to working closely with the FSRA to obtain our full license,\u201d Majcen wrote in a May 21 X announcement.<br \/>\nRelated: German gov\u2019t missed out on $2.3B profit after selling Bitcoin at $57K<br \/>\nThis marks Bitcoin Suisse\u2019s first expansion outside of the European Union.<br \/>\nFounded in 2013, Bitcoin Suisse played a significant role in developing the country\u2019s crypto ecosystem and has been a key contributor to Switzerland\u2019s Crypto Valley, a Switzerland-based blockchain ecosystem valued at more than $500 billion.<br \/>\nCrypto Valley Unicorns. Source: CvVc.comRelated: Hoskinson promises audit, is \u2018deeply hurt\u2019 by $600M Cardano treasury claims<br \/>\nCrypto firms bet on Middle East as next global crypto hub<br \/>\nIncreasingly more crypto firms are expanding into the Middle East, seeing the region as the next potential global crypto hub due to its business-friendly regulatory licensing environment.<br \/>\nOn April 29, Circle, the issuer of the world\u2019s second-largest stablecoin, USDC (USDC), received an in-principle approval from the FSRA, moving one step closer to the full license to become a regulated money service provider in the United Arab Emirates.<br \/>\nA day earlier, the Stacks Asia DLT Foundation partnered with ADGM, becoming the first Bitcoin-based organization to establish an official presence in the Middle East, Cointelegraph reported on April 28.<br \/>\nAs part of the partnership, the Stacks Foundation aims to advance progressive regulatory frameworks in the Middle East.<br \/>\n\u201cWe\u2019re not just focused locally \u2014 our team is engaged in global conversations, advocating for frameworks that balance decentralization, security, innovation, and compliance surrounding the unlocking of Bitcoin capital,\u201d Kyle Ellicott, executive director at Stacks Asia DLT Foundation, told Cointelegraph.<br \/>\nThe foundation is also developing the Bitcoin Capital Activation Framework, described as a comprehensive policy blueprint to help regulators enable Bitcoin utility in their jurisdictions.<br \/>\nMagazine: Arthur Hayes $1M Bitcoin tip, altcoins \u2018powerful rally\u2019 looms: Hodler\u2019s Digest, May 11 \u2013 17<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-suisse-in-principle-approval-in-abu-dhabi?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin Suisse secured an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking a major step in the Swiss&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129697"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129697"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129697\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129697"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}