Circle Entrances Visionière Cirque of Abu Dhabi

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Once upon a time, in the far-off land of the United Arab Emirates (or the “sheikdoms,” for those who appreciate a hint of romanticism), news spread like wildfire (one could even mistake it for a flickering bonfire, were it not for the absence of camels). It appears that the famed stablecoin issuer Circle has garnered the benevolent approval of the mystical Abu Dhabi International Financial Center. And how did this happen? By enchanting the financial sentinels with a promise of pecuniary allegiance and regulatory compliance – a tale both noble and ethereal. 🤯

On a day adorned by the frivolity of Tuesday, Circle Internet Group declared to the world with fervor rare, having obtained from the Financial Services Regulatory Authority of the illustrious Abu Dhabi Global Market a license most prestigious – a Financial Services Permission. Ah, to be one in the exotic land of the International Financial Centre of Abu Dhabi! This accolade bestows upon the issuer the esteemed title of Money Services Provider, amidst dreams woven with piastres and dirhams. 🧚‍♂️

An adept like Circle would, of course, require a custodian of its fortunes, and thus entered Miss Saeeda Jaffar, a managing director fallen from the cyber heavens of Virginia to reign over Middle East adventures, alongside her pilgrimage as a dignified senior vice president at Visa. Her task? To sculpt alliances as one would shape the finest idiom of legislative scripture, with an eye for regional strategy and hearts to win. ✨

Jeremy Allaire, Circle’s noble co-founder, chairman, and CEO, praised the regulatory framework as a bastion of transparency and consumer fortification. His words echoed like those of gilded cathedral chimes, declaring that only such a framework could shepherd “trusted stablecoins” to support the largesse of payments and finance at a scale only mythical Atlas could fathom. 📏

<img src=”https://s3.cointelegraph.com/uploads/2025-12/019b0230-221b-7d9a-b9e6-c4f75566a0a6″ alt=”A wise circle of cryptonomics?>

A Cavalcade of Licenses Unfurl

Furiously, the doors of fortune within the ADGM swung wide open, admitting not just Circle, but a whole throng of crypto enthusiasts. Not to be outdone in this resplendent fête were Tether’s USDt, whose star shone just as brightly as Circle’s USDC, and Ripple’s dollar-pegged stablecoin, Ripple USD, festooning the wintry November zeitgeist with their regulatory blessings. 🎊

Behold the manifestation of modern magic as crypto exchange Binance, with a gleeful grin, was bestowed three distinct licenses. These permissions-encompassing the most splendid of services, like a charming triptych of operations-were awarded by Abu Dhabi’s sagacious regulators, in a follow-up to their colleague Bybit’s early October triumph. 🎩

The Oracle of UAE Sees Crypto Futures

The Central Bank of the UAE, acting as visionary oracle, diligently wrought new regulations upon the land. A decree, the illustrious Federal Decree Law No. 6 of 2025, descended like a feather of legislative wisdom, binding DeFi platforms to the laws of the realm, lest they claim the cunning escape of being “just code.” So said the legal seer, Irina Heaver, to those who gathered at CryptoMoon, pronouncing the year 2024 as an era of enduring crypto prominence. 🙌

Behold the tax exile-cryptocurrency transactions soaring beyond the levy of value-added duties! Entwined in the same breath was the tightening of Dubai’s digital asset inspections. As the cluster of emirates intertwined with DeFi’s delicate tendrils, Ras Al Khaimah’s Digital Assets Oasis labored to craft a home for decentralized autonomous wonders. ⚖️

And yet, for all their whimsy, the draconian drumbeats of Dubai’s Virtual Assets Regulatory Authority fell harshly upon unlicensed digital vagabonds, as they issued fines with a stern voice and threatened quills with cease-and-desist sermons. A fair and just kingdom indeed! 🛡️

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2025-12-09 12:10