Bitcoin Suisse's subsidiary BTCS (Middle East) Ltd. has received an In-Principle Approval from the Financial Services Regulatory Authority of ADGM, marking a significant step in the company's strategic expansion into the Middle East.
The IPA will allow Bitcoin Suisse to provide regulated crypto financial services, including trading of virtual assets, crypto securities, derivatives, and local custody within the ADGM's well-regulated financial center.
ADGM is recognized for its comprehensive regulations in the virtual asset space, making it the largest regulated hub for virtual assets in the MENA region.
Bitcoin Suisse aims to leverage the progressive regulatory framework in ADGM to offer robust, transparent, and fully regulated crypto financial services to its international client base.