Circle receives in-principle approval from Abu Dhabi regulator to operate as a money services provider

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ChainCatcher reports, according to The Block, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted Circle, a stablecoin issuer, a principle approval to operate as a monetary service provider.

This move was made after Circle established a new legal entity within ADGM in December 2024, aimed at expanding its global business layout in the Middle East and Africa region.

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