Bitcoin Suisse reports important success in Abu Dhabi
Bitcoin Suisse reports important success in Abu Dhabi
Bitcoin Suisse achieves an important success in his international growth strategy: With the fundamental approval of the financial supervision of the Abu Dhabi Global Market, the Swiss crypto pioneer creates the basis for a regulated derivative and trade offer in the Middle East.
Bitcoin Suisse with his subsidiary BTCS (Middle East) received the basic permit (in-principle APPROVAL, IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This divided the company on Wednesday.
Approval marks a crucial step for the expansion of the Swiss crypto finance service provider to the Middle East: It paves the way for a complete licensing in order to offer regulated services in the future-including trading in digital assets as well as derivatives and custody solutions.
Additional mainstay by Bitcoin Suisse
Abu Dhabi is the leading location for digital assets in the Middle East. Bitcoin Suisse strives to use it to build a platform for institutional and private customers.
Ceyda MajcenHead of Global Expansion, emphasizes the growth of the Zug company: “The fundamental permit is an important milestone on our way of global expansion,” she says.
Bitcoin Suisse currently has over $ 6 billion in crypto assets and offers $ 2.6 billion on clocks. With the step to Abu Dhabi, the company wants to further expand its international presence.
