Bitcoin Switzerland Company Obtains Principle Approval from Abu Dhabi Global Market Regulatory Authority

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According to a report by Crowdfundinsider on May 22, Swiss encryption financial service provider Bitcoin Suisse ( announced today that its subsidiary BTCS ) Middle East ( Ltd. has received in-principle approval from the Abu Dhabi Global Market ) FSRA (.

The approval will enable Bitcoin Switzerland to provide regulated encryption financial services in the Middle East, including virtual asset trading, encryption securities and derivatives trading, as well as local custody services.

Bitcoin Swiss currently manages more than $6 billion ) approximately AED 22.2 billion ( of digital asset custody services and more than $2.6 billion ) approximately AED 8.9 billion ( of institutional staking services, making it one of the world's largest providers of digital asset services.

ADGM is regarded as one of the most well-regulated jurisdictions globally and is also the largest regulated virtual asset center in the Middle East and North Africa. Ceyda Majcen, the global expansion head of Bitcoin Suisse, stated that this approval is an important milestone in the company's global expansion strategy.

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