$6B Crypto Giant Eyes MENA Expansion
The post $6B Crypto Giant Eyes MENA Expansion appeared on BitcoinEthereumNews.com. Key Takeaways: Abu Dhabi Global Market (ADGM) gives Bitcoin Suisse’s Middle East branch “in-principle” approval. This is a key part of Bitcoin Suisse’s plan to offer regulated crypto services around the world. The company already has more than $6 billion in assets and wants to get in on the expanding crypto market in the area. After reaching a significant regulatory milestone, Bitcoin Suisse, a Swiss firm that was among the first to provide crypto banking, is now growing into the Middle East. BTCS (Middle East) Ltd., a subsidiary of Abu Dhabi Global Market (ADGM), has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA). This implies that it may now provide a wide range of regulated cryptocurrency services in one of the area’s most developed financial hubs. Strategic Expansion Into the Middle East The IPA from ADGM lets Bitcoin Suisse start the process of getting a complete license to do business in the area. Once it gets all the licenses it needs, BTCS (Middle East) Ltd. will be able to offer regulated trading of virtual assets, crypto securities, and derivatives. It will also be able to provide local custody services to both institutional and retail clients in the region. Ceyda Majcen, the Senior Executive Officer of BTCS (Middle East) Ltd. and Head of Global Expansion, said that the clearance was “an important milestone” and stressed the company’s commitment to following the rules. “Abu Dhabi is one of the Middle East’s fastest-growing financial centers,” she remarked.” She also said that Bitcoin Suisse is ready to lend its ten years of experience in crypto finance to the region’s developing digital asset ecosystem. Why Abu Dhabi? ADGM: A Global Hub for Virtual Assets More and more people are seeing the Abu Dhabi Global Market as a top place for digital assets.…
The post $6B Crypto Giant Eyes MENA Expansion appeared on BitcoinEthereumNews.com.
Key Takeaways: Abu Dhabi Global Market (ADGM) gives Bitcoin Suisse’s Middle East branch “in-principle” approval. This is a key part of Bitcoin Suisse’s plan to offer regulated crypto services around the world. The company already has more than $6 billion in assets and wants to get in on the expanding crypto market in the area. After reaching a significant regulatory milestone, Bitcoin Suisse, a Swiss firm that was among the first to provide crypto banking, is now growing into the Middle East. BTCS (Middle East) Ltd., a subsidiary of Abu Dhabi Global Market (ADGM), has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA). This implies that it may now provide a wide range of regulated cryptocurrency services in one of the area’s most developed financial hubs. Strategic Expansion Into the Middle East The IPA from ADGM lets Bitcoin Suisse start the process of getting a complete license to do business in the area. Once it gets all the licenses it needs, BTCS (Middle East) Ltd. will be able to offer regulated trading of virtual assets, crypto securities, and derivatives. It will also be able to provide local custody services to both institutional and retail clients in the region. Ceyda Majcen, the Senior Executive Officer of BTCS (Middle East) Ltd. and Head of Global Expansion, said that the clearance was “an important milestone” and stressed the company’s commitment to following the rules. “Abu Dhabi is one of the Middle East’s fastest-growing financial centers,” she remarked.” She also said that Bitcoin Suisse is ready to lend its ten years of experience in crypto finance to the region’s developing digital asset ecosystem. Why Abu Dhabi? ADGM: A Global Hub for Virtual Assets More and more people are seeing the Abu Dhabi Global Market as a top place for digital assets.…
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