Bitcoin Suisse Secures Abu Dhabi Approval for Crypto Expansion

Bitcoin Suisse, a leading Swiss crypto financial service provider, has announced that its subsidiary, BTCS (Middle East) Ltd., has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This approval is a significant step in Bitcoin Suisse’s strategic expansion, demonstrating its commitment to regulatory compliance, financial innovation, and global growth. With this achievement, Bitcoin Suisse is poised to enter the Middle East market, offering a refined and client-centric approach to crypto finance.

The IPA from ADGM’s FSRA clears the path for Bitcoin Suisse to secure full licensing, enabling it to provide regulated crypto financial services. These services include the trading of virtual assets, crypto securities and derivatives, as well as local custody, within ADGM’s dynamic international financial center. ADGM is renowned for its advanced and well-regulated jurisdiction, with a virtual asset framework that is globally recognized for its comprehensive regulations. This makes ADGM the largest regulated hub for virtual assets in the Middle East and North Africa (MENA) region.

Ceyda Majcen, Head of Global Expansion and designated Senior Executive Officer of BTCS (Middle East) Ltd., highlighted the significance of this milestone. “The In-Principle approval marks an important milestone in our global expansion journey,” she said. “It reflects our strong commitment to maintaining the highest standards of transparency, security, and regulatory compliance. Abu Dhabi, one of the Middle East’s fastest-growing financial centers, presents a compelling opportunity for growth. We look forward to working closely with the FSRA to obtain our full license and to bring our decade of experience in crypto finance to the region’s rapidly evolving digital asset ecosystem.”

Arvind Ramamurthy, Chief of Market Development Officer at ADGM, congratulated Bitcoin Suisse on receiving its IPA. “ADGM congratulates Bitcoin Suisse on receiving its IPA from the FSRA of ADGM. Their expansion plans to the region to provide regulated crypto financial services within the international financial centre is a testament to the immense opportunities available within Abu Dhabi. We look forward to Bitcoin Suisse receiving their Financial Services Permission (FSP) and their contribution to ADGM’s dynamic ecosystem.”

Bitcoin Suisse has established a strong reputation as a trusted crypto financial service provider in Switzerland. The company offers secure and compliant crypto asset solutions for private individuals and institutional clients, with a deep expertise, precision, and personal engagement. Bitcoin Suisse securely holds over USD $6 billion in digital assets under custody and more than USD $2.6 billion in institutional staking services, making it one of the largest providers of digital asset custody and institutional staking solutions globally.

By entering the ADGM ecosystem, Bitcoin Suisse aims to leverage the region’s progressive regulatory framework. This will allow the company to offer its clients a robust, transparent, and fully regulated platform for its crypto financial services. This strategic move is expected to enhance Bitcoin Suisse’s global footprint and strengthen its position as a leading player in the cryptocurrency industry. The company’s commitment to regulatory compliance and client satisfaction will be key factors in achieving its long-term vision of becoming a global leader in the cryptocurrency industry.