Catenaa, Tuesday May 27, 2025-Swiss-based crypto services provider Bitcoin Suisse announced Monday that its Middle East subsidiary, BTCS (Middle East) Ltd., has received In-Principle Approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority.
The milestone paves the way for full licensing, enabling the firm to offer regulated crypto trading, custody, and derivative services in the UAE.
The approval, granted May 20, marks a significant step in Bitcoin Suisse’s expansion beyond Europe. Founded in 2013, the firm currently manages more than $6 billion in digital assets and over $2.6 billion in institutional staking.
It has played a prominent role in building Switzerland’s Crypto Valley and aims to bring its regulatory-first model to the region.
Ceyda Majcen, Head of Global Expansion, said the firm is committed to high standards of compliance and aims to contribute meaningfully to the region’s digital asset ecosystem.
Abu Dhabi has emerged as a growing financial hub, positioning itself as a global crypto destination alongside Dubai and other emirates. The UAE’s multilayered regulatory structure – led by FSRA, Dubai’s VARA, and the national Securities and Commodities Authority – has created fertile ground for blockchain innovation.
Crypto activity in the Middle East surged between 2022 and 2023, with $390 billion in on-chain volume and more than 15 million app downloads in the UAE alone by the end of 2024. Institutional giants like Goldman Sachs and sovereign funds such as Mubadala have deepened regional investments, signaling increased institutional confidence.
