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).
While the development marks a notable milestone for Bitcoin Suisse following its strategic expansion plan, it also reinforces its commitment to regulatory compliance, financial innovation, and global growth.
The move further fortifies Bitcoin Suisse’s strong reputation as a trusted crypto financial service provider in Switzerland. It offers secure and compliant crypto asset solutions for private individuals and institutional clients with deep expertise, precision, and personal engagement.
Thus, its integration with ADGM will help it to leverage the region’s progressive regulatory framework to offer its 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 a refined and client-centric approach to crypto finance. This also seeks to pave the way for Bitcoin Suisse to secure full licensing soon.
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 globally acknowledged for its comprehensive regulations, making it the largest regulated hub for virtual assets in the 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,” Majcen added.
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.”