So, Bitcoin Suisse got the thumbs-up from the Abu Dhabi regulators. Yeah, because what could possibly go wrong, right? Now they’re gonna be serving up crypto services in the Middle East—because evidently, the Swiss have decided that Europe isn’t exciting enough anymore! 🤔
The Swiss crypto firm, through its subsidiary BTCS (Middle East)—because apparently they like long, confusing names—got this “in-principle approval” from some FSRA guys in Abu Dhabi. Basically, it’s like a promise to get the full license eventually, which means they can do all the crypto stuff—trading, securities, derivatives, custody—whatever that means. As if we’re supposed to keep up! 😅
The big deal? They’re all about “transparency,” “security,” and “regulatory compliance”—because nothing screams fun like following the rules, am I right? Ceyda Majcen (I mean, who comes up with these names?) says Abu Dhabi is a “fast-growing financial center,” because apparently, nobody’s got anything better to do than to make money with crypto in the desert. 🤷♂️
Look, they’re just saying what everyone wants to hear: “We’re gonna work with the regulators and get our license.” Because that’s what crypto firms do—play nice, then probably do whatever they want behind the scenes. Classic. 🤫
This is the first time Bitcoin Suisse is venturing outside of Europe—like a kid crossing the street for the first time. They’ve been around since 2013, just hanging out in Switzerland’s “Crypto Valley”—which sounds like a fancy playground for crypto billionaires. And now? Middle East, here they come! 💼
Crypto firms love Middle East — because regulation’s optional, right?
More and more crypto companies are hopping onto this Middle East bandwagon. Who wouldn’t? It’s like the Wild West but with better Instagram filters. 🌵
Recently, Circle—the big shot behind USDC—got a little approval to operate in the UAE, because of course, they want in on the action. Also, Stacks Asia Foundation—because who doesn’t love a long name?—partnered with ADGM to somehow make Bitcoin as easy to use as a coffee machine. ☕️
They’re working on a “Bitcoin Capital Activation Framework”—which sounds like a fancy way to say “we’re gonna tell you how to do crypto without breaking everything.” Because nothing’s more fun than a little crypto regulation, right? 🎉
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2025-05-21 13:27