Circle Secures Regulatory Approval and Partners with Hub71 in UAE Expansion

Circle, a leading global technology company and stablecoin market leader, has received In-Principle Regulatory Approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) to operate as a money services provider. This move paves the way for Circle to officially launch in the UAE and build upon its successful presence there. 🇦🇪 Circle announced an important milestone in expanding its operations within the United Arab Emirates, receiving In-Principle Approval (IPA) from the FSRA. This is a critical step towards securing a Financial Services Permission (FSP), supported by the ADGM’s regulatory framework. Circle’s commitment to compliance and global adoption of stablecoins is evident with this move as it strengthens its position in the Middle East and Africa (MEA). 🤝 🌎