Circle has received approval in principle from Abu Dhabi regulators, allowing it to operate as a money services provider
2025-04-29 09:01:27
On April 29, TheBlock reported that the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted in-principle approval to stablecoin issuer Circle to operate as a money services provider. The move follows Circle's establishment of a new legal entity within ADGM in December 2024 to expand its global presence in the Middle East and Africa region.
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