Switzerland is exported to the Middle East. Bitcoin Switzerland, specializing in financial services related to cryptocurrencies, recently obtained approval in principle from theFinancial services regulatory authority (FSRA) by Abu Dhabi. This approval marks an important step in the expansion of Swiss Bitcoin beyond the European Union, And more particularly in the Middle East.
- Bitcoin Switzerland obtained an approval in principle from the Auto Dhabi financial services regulatory authority, marking a crucial step for its expansion in the Middle East.
- This approval allows Bitcoin Switzerland to get closer to obtaining a complete license to provide financial services linked to cryptocurrencies in a booming region.
Swiss Bitcoin obtains an approval in principle in Abu Dhabi
On May 21, 2025, Bitcoin Switzerland has announcement having obtained a approval in principle (IPa) from theFinancial services regulatory authority (Fsra) of Global market of Abu Dhabi (ADGM). This approval was obtained through its subsidiary Btcs (Middle East).
This approval in principle is a step prior to obtaining a complete license financial services. Once this license has been obtained, Swiss bitcoin will be able to provide financial services linked to cryptocurrencies, such as trading in digital assets, the supply of Cryptos titles and derivatives, as well as conservation solutions.
According to Ceyda MajcenResponsible for global expansion and designated senior executive of BTCS (Middle East), this approval reflects theCompany commitment To comply with the highest standards in terms of transparency, safety and regulatory compliance:
“Abu Dhabi, one of the fastest growth centers in the Middle East, offers a convincing growth opportunity. We are delighted to work in close collaboration with the FSRA to obtain our complete license. »»
Ceyda Majcen, responsible for the global expansion and senior executive of BTCS – Source: Press release
Founded in 2013, Swiss bitcoin played a key role in the development of the crypto ecosystem in Switzerland. The company notably contributed to the creation of Crypto Valleya blockchain ecosystem based in Switzerland and valued at more than $ 500 billion.
An additional Crypto actor is installed in the Emirates
Swiss bitcoin was also a pioneer in theFinancial services offer Linked to cryptocurrencies, such as trading, conservation and stuking. Among its customers, the company has wealthy individuals, businesses and financial institutions.
More and more Cryptos companies see the Middle East Like the next hub for industry. The region indeed offers a regulatory environment Favorable to business, which attracts companies wishing to expand internationally.
For example, April 29, 2025, Circlethe emitter of the Stablecoin USDC, also obtained an approval of principle from the FSRA of Abu Dhabi. This approval brings together Circle Obtaining a complete license to become a regulated monetary service provider to the United Arab Emirates.
Likewise, the Stacks Asia DLT Foundation Recently announced a partnership with the ADGM to establish an official presence in the Middle East. The Stacks Foundation also plans to develop progressive regulatory executives To promote the adoption of bitcoin in the region.
The approval of principle obtained by Bitcoin Switzerland in Abu Dhabi marks an important step in the expansion of the company in the Middle East. This region, increasingly considered to be the next hub for crypto, attracts many companies thanks to its favorable regulatory environment. Finally, chance of the calendar, the sovereign fund of the region has just declared that it has increased its exhibition At the BlackRock Etf Bitcoin.