Circle Gains Regulatory Nod in Abu Dhabi, Steps Closer to Full License

Stablecoin issuer Circle has received preliminary approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This crucial step brings Circle closer to securing a full operating license within the United Arab Emirates. The FSP would allow Circle to operate as a licensed money services business in the UAE, marking another milestone for the company’s expansion into blockchain-driven financial services.