Swiss crypto financial services provider Bitcoin Suisse has received a Financial Services Permission from the Abu Dhabi Global Market (ADGM), allowing the company to begin operations in the UAE.

The approval enables Bitcoin Suisse to provide digital asset wealth management and custody services to institutional clients through its subsidiary, BTCS Middle East. It also authorises the firm to trade approved virtual assets within ADGM's regulated framework.

According to the company, the Bitcoin Suisse Group currently holds approximately $3.7 billion in crypto assets and is the world's fourth-largest staking provider. The latest approval marks its expansion into the UAE's regulated digital assets market through ADGM.

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