TechFlow news, December 9 — According to an official announcement from Circle, Circle Internet Group (NYSE: CRCL) has been granted a Financial Services License (FSP) by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), enabling it to operate as a money services provider within this international financial center.
Simultaneously, Circle has appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa region. Previously serving as Senior Vice President and Country Manager for the Gulf Cooperation Council Group at Visa, Dr. Jaffar will lead Circle’s regional strategy, deepen partnerships with financial institutions and enterprises, and accelerate the adoption of trusted digital dollar and on-chain payment solutions across the UAE and broader Middle East and Africa markets.
Jeremy Allaire, Co-Founder and CEO of Circle, stated that regulatory transparency is foundational to building a more open and efficient internet financial system. This license enables Circle to expand regulated payment and settlement use cases for businesses, developers, and financial institutions in the UAE.
