Bitcoin Suisse Receives In-Principle Approval from ADGM's FSRA to Operate a Crypto Financial Services Platform

Switzerland's leading crypto financial service provider, Bitcoin Suisse, has announced today that its subsidiary BTCS (Middle East) Ltd. has received an In-Principle Approval (IPA) from ADGM's Financial Services Regulatory Authority (FSRA).

Switzerland's leading crypto financial service provider, Bitcoin Suisse, has announced today that its subsidiary BTCS (Middle East) Ltd. has received an In-Principle Approval (IPA) from Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA).

This development marks a significant milestone in Bitcoin Suisse’s strategic expansion plans and underscores its commitment to regulatory compliance, financial innovation, and global growth.

It also builds on Bitcoin Suisse’s strong reputation as a trusted crypto financial service provider in Switzerland, where it provides cutting-edge and secure crypto asset solutions for private individuals and institutional clients with deep expertise, precision, and personal engagement.

The integration with ADGM will see Bitcoin Suisse leverage the region’s rapidly expanding and progressive regulatory framework to offer clients a robust, transparent, and fully regulated platform for its crypto financial services.

According to the announcement, the In-Principle Approval will facilitate Bitcoin Suisse’s expansion into the Middle East, introducing its signature approach to crypto finance, known for its client-centricity and excellence, to the new market. It is also expected to pave the way for Bitcoin Suisse to secure full licensing.

The licensing will allow the platform to provide regulated crypto financial services – including trading of virtual assets, crypto securities and derivatives, and local custody – within the ADGM’s dynamic international financial center.

Recognized as one of the most advanced and well-regulated jurisdictions, ADGM’s virtual asset framework is acknowledged globally for its comprehensive regulations, making it the largest regulated hub for virtual assets in the Middle East and North Africa (MENA) region.

Ceyda Majcen, the Head of Global Expansion and designated Senior Executive Officer of BTCS (Middle East) Ltd, commented on the development, saying;

“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. 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.”

The Chief of Market Development Officer at ADGM, Arvind Ramamurthy, also celebrated on behalf of ADGM on this achievement, saying,

“ADGM congratulates Bitcoin Suisse on receiving its IPA from the FSRA of ADGM. Their expansion plans for the region to provide regulated crypto financial services within the international financial centre are a testament to the immense opportunities available within Abu Dhabi. We look forward to Bitcoin Suisse receiving its Financial Services Permission (FSP) and its contribution to ADGM’s dynamic ecosystem.”