- Switzerland-based Bitcoin Suisse took one step towards global expansion by receiving in-principle approval from Abu Dhabi
- Crypto firms are flocking to the Middle East, making it the next global crypto hub
Crypto regulation and global expansion are accelerating in 2025 with favorable macroeconomic conditions and a focus on regulatory framework creation. Global crypto firms are racing to obtain licenses to operate in compliance with regulatory bodies. On a similar note, Bitcoin Suisse made it to the headlines today by obtaining approval from Abu Dhabi.
Chainwire brought the news to light with its latest issue, focused on Swiss-based Bitcoin Suisse gaining in-principle approval (IPA) in Abu Dhabi. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market gave this approval, which is like a precursor to achieving a full license soon.
Head of Global Expansion & Senior Executive Officer of Bitcoin Suisse, Ceyda Majcen, said,
“The In-Principle Approval marks an important milestone in our global expansion journey. It reflects our strong commitment to maintaining the highest standards of transparency, security, and regulatory compliance.”
Majcen also believes that Abu Dhabi presents a huge opportunity for the growth and expansion of crypto firms. He even expressed his optimism regarding the firm’s future plans of obtaining a full license from the FSRA.
Crypto Firms Moving to the Middle East for Global Expansion
Dubai has already gained a reputation as a crypto hub with a convenient environment for the growth and expansion of crypto firms. Several crypto firms are planning to operate in the Middle East, making it the next global crypto hub.
Second-largest stablecoin USDC issuer, Circle, has recently obtained a similar IPA from the FSRA. It is also aiming to achieve a full license from the Abu Dhabi regulatory organization. Another firm, Stacks Asia DLT Foundation, partnered with Abu Dhabi Global Market and made its official entry into the country.
As more crypto firms start operating in the Middle East, it will soon turn into a global crypto hub. On the other hand, the US is racing towards becoming the crypto capital of the planet with clear regulatory policies. It is only a matter of time until all global countries start adopting cryptocurrencies with clear regulations in place.
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