Bitcoin Suisse Secures In-Principle Approval to Expand Crypto Services in ADGM
Bitcoin Suisse, a leading Swiss crypto financial services provider, proudly announces that its subsidiary, BTCS (Middle East) Ltd., has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM. This marks a significant milestone in Bitcoin Suisse’s strategic expansion, highlighting its dedication to regulatory compliance, financial innovation, and global growth. With this approval, Bitcoin Suisse is poised to enter the Middle Eastern market, offering a client-focused approach to crypto finance.
The IPA from ADGM’s FSRA sets the stage for Bitcoin Suisse to secure full licensing soon, enabling it to offer regulated crypto financial services — including trading of virtual assets, crypto securities and derivatives, as well as local custody — within ADGM’s vibrant international financial center. ADGM is known as one of the most advanced and well-regulated jurisdictions worldwide, with a virtual asset framework that is globally recognized for its comprehensive regulations, making it the largest regulated virtual asset hub in the MENA region.
Ceyda Majcen, Head of Global Expansion and designated Senior Executive Officer of BTCS (Middle East) Ltd., said, “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.”
Arvind Ramamurthy, Chief of Market Development Officer at ADGM, added, “ADGM congratulates Bitcoin Suisse on receiving its IPA from the FSRA of ADGM. Their expansion plans to 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.”
Bitcoin Suisse has established itself as a trusted crypto financial service provider in Switzerland, delivering secure and compliant crypto asset solutions to both private and institutional clients through its expertise, precision, and personalized engagement. The company currently holds over USD $6 billion (AED 22.2 billion) in digital assets under custody and manages more than USD $2.6 billion (AED 8.9 billion) in institutional staking services, ranking it among the largest global providers of digital asset custody and institutional staking.
By joining the ADGM ecosystem, Bitcoin Suisse aims to utilize the region’s forward-thinking regulatory framework to offer clients a transparent, secure, and fully regulated platform for its crypto financial services.
The IPA underscores Bitcoin Suisse’s strong operational standards, commitment to risk management, and its capability to meet stringent regulatory requirements. As BTCS (Middle East) Ltd. progresses toward full licensing, it will continue to expand its product offerings and operational strength to serve its international clientele effectively.
