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Circle Gains In-Principle Approval to Operate as Money Services Provider in Abu Dhabi
Circle Gains In-Principle Approval to Operate as Money Services Provider in Abu Dhabi
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Circle, the issuer of USDC stablecoin, has secured in-principle approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) to operate as a money services provider within the Abu Dhabi Global market (ADGM). This milestone positions Circle to expand its regulatory-compliant services in the Middle East, pending final authorization.
The ADGM, a financial free zone with autonomous regulatory frameworks, continues to attract crypto-native firms seeking clarity in digital asset oversight. Circle’s progress mirrors growing institutional recognition of stablecoins as critical infrastructure for global payments and settlements.
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