Circle Receives Abu Dhabi Regulatory Sandbox Approval to Operate as a Money Service Provider

Blockbeats

04-29

BlockBeats News, April 29th, according to The Block, the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) has granted preliminary approval to the stablecoin issuer Circle, allowing it to operate as a money services provider.

This move comes after Circle established a new legal entity within the ADGM in December 2024, aiming to expand its global business presence in the Middle East and Africa region.

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