TechFlow, May 22 — According to Crowdfundinsider, Swiss crypto financial services provider Bitcoin Suisse announced today that its subsidiary BTCS (Middle East) Limited has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
The approval will enable Bitcoin Suisse to offer regulated crypto financial services in the Middle East, including virtual asset trading, crypto securities and derivatives trading, and local custody services.
Bitcoin Suisse currently manages over USD 6 billion (approximately AED 22.2 billion) in digital asset custody services and over USD 2.6 billion (approximately AED 8.9 billion) in institutional staking services, making it one of the largest digital asset service providers globally.
ADGM is considered one of the world’s most robustly regulated jurisdictions and the largest regulated virtual asset hub in the Middle East and North Africa region. Ceyda Majcen, Head of Global Expansion at Bitcoin Suisse, said this approval marks a significant milestone in the company's global expansion strategy.
