Abu Dhabi, UAE – Switzerland’s premier crypto financial service provider, Bitcoin Suisse, has announced that its Middle East subsidiary, BTCS (Middle East) Ltd., has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This significant regulatory milestone positions Bitcoin Suisse to further its global footprint and signals its entry into the rapidly growing digital asset landscape of the Middle East.
The approval demonstrates Bitcoin Suisse’s continued dedication to financial innovation, regulatory compliance, and customer-focused cryptocurrency solutions. The company, which is well-known in Switzerland for providing safe and transparent crypto asset offerings, hopes to apply its ten years of experience to the globally renowned regulatory environment of the ADGM.
With the IPA in place, Bitcoin Suisse is on track to secure full licensing from the FSRA, which would authorize the firm to provide a range of regulated crypto financial services in Abu Dhabi. These include trading virtual assets, crypto securities and derivatives, and offering local custody services — all within a tightly governed and forward-thinking regulatory framework.
“Securing this In-Principle Approval is a key milestone in our global expansion strategy,” said Ceyda Majcen, Head of Global Expansion and the designated Senior Executive Officer of BTCS (Middle East) Ltd. “It highlights our dedication to transparency, security, and regulatory excellence. Abu Dhabi is one of the fastest-emerging financial hubs in the region, and we are eager to contribute to its dynamic digital asset ecosystem.”
ADGM, widely recognized as a leading hub for virtual asset regulation in the MENA region, offers a comprehensive and internationally respected framework for digital finance. The jurisdiction continues to attract major global players in the crypto and blockchain sectors.
Welcoming the development, Arvind Ramamurthy, Chief of Market Development at ADGM, said, “We congratulate Bitcoin Suisse on receiving its In-Principle Approval from the FSRA. Their strategic move to offer regulated crypto services within ADGM reinforces the potential and opportunities Abu Dhabi offers as a global financial centre. We look forward to supporting them as they progress toward securing full Financial Services Permission.”
The move signals another step forward in ADGM’s ambition to become a global leader in virtual asset regulation, while Bitcoin Suisse’s expansion brings further credibility and maturity to the region’s growing digital finance sector.
