Crypto Giant Bitcoin Suisse Plants Flag in Middle East—Global Domination Next?

Bitcoin Suisse just made its boldest power play yet—storming into the Middle Eastern market with regulatory filings already underway. The Swiss-based crypto pioneer’s move signals a direct challenge to regional incumbents, betting big on Dubai’s sandboxed crypto freezone hype.

Why this matters: The Gulf’s petrodollar-fueled VC funds and sovereign wealth vehicles are hungry for institutional-grade crypto infrastructure. Bitcoin Suisse delivers Swiss precision meets desert-scale ambition—complete with sharia-compliant product tweaks for local LP appetites.

The cynical take: Another ‘global expansion’ press release masking the real grind of compliance paperwork and relationship bribes—sorry, ‘consultancy fees’—required to crack MENA’s gilded crypto cages. But when the oil money wants exposure, you build bridges (or at least hire a well-connected fixer).

Next Step For Bitcoin Suisse: Financial Services Permission

“We look forward to bitcoin Suisse receiving their Financial Services Permission (FSP) and their contribution to ADGM’s dynamic ecosystem,” said Arvind Ramamurthy, Chief of Market Development Officer at ADGM.

BTCS holds over $6 billion (AED 22.2 billion) in digital assets under custody. The company also holds $2.6 billion (AED 8.9 billion) in institutional staking services, making it one of the largest providers of digital asset custody and institutional staking solutions globally. As BTCS Middle East Ltd advances toward full licensing, it said it will continue to enhance its product suite and operational capabilities to best serve its international client base.

“ADGM congratulates Bitcoin Suisse on receiving its IPA from the FSRA of ADGM,” he Ramamurthy added. “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 want to replicate our success in Switzerland internationally”

“The In-Principle approval (in Abu Dhabi) marks an important milestone in our global expansion journey,” added Ceyda Majcen.

Speaking to a media outlet last year, Bitcoin Suiss CEO Andrej Majcen said, “We want to replicate our success in Switzerland internationally.”

“Bitcoin Suisse has a location in Liechtenstein since 2019, facilitating access to the European market through the EU’s MiCAR regulation,” he added. “Simultaneously, it is establishing a presence in Abu Dhabi, responding to the high demand for crypto financial services in the Middle East.”

“In Europe, the company will focus on the DACH region, Benelux countries, France, and the Nordics,” Andrej Majcen confirmed.

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Key Takeaways

• Bitcoin Suisse is establishing a presence in Abu Dhabi, responding to the high demand for crypto financial services in the Middle East.

• BTCS Middle East Ltd is working closely with Abu Dhabi’s regulatory body FSRA to obtain its full license.