Bitcoin Suisse gets in-principle approval from ADGM in UAE

Swiss-based crypto service provider Bitcoin Suisse has secured in-principle approval from ADGM’s (Abu Dhabi Global Market) Financial Services Regulatory Authority, as per a Chainwire news release on May 21. The in-principle approval is partial and one step away from full licensing, which would allow Bitcoin Suisse’s subsidiary BTCS to provide trading of virtual assets, crypto securities, crypto derivatives, and local custody services.

📣 We are very proud to announce that our subsidiary, BTCS (Middle East) Ltd., has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (@ADGlobalMarket).

This is a major step in our strategic global expansion,… pic.twitter.com/LM5ii4HEMW
— Bitcoin Suisse AG (@BitcoinSuisseAG) May 21, 2025

“The In-Principle approval marks an important milestone in our global expansion journey,” said BTCS’ Head of Global Expansion for the Middle East region, Ceyda Majcen. “It reflects our strong commitment to maintaining the highest standards of transparency, security, and regulatory compliance.

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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.”

“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 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,” said Abu Dhabi Global Market’s Chief of Market Development Officer, Arvind Ramamurthy.

This move is part of a wider pattern of expansion efforts into the UAE by crypto firms and digital asset companies. Bitcoin Suisse holds over $6 billion in digital assets in custody and more than $2.6 billion in institutional staking services, according to Chainwire.