Circle Secures In-Principle Approval in Abu Dhabi
- Circle has received an in-principle approval from the Financial Services Regulatory Authority of Abu Dhabi.
- This approval is a step towards obtaining a full license for financial service operations.
- The process to secure a full license can take several months, as seen in similar cases like Singapore.
- Circle’s partnership with Hub71 enhances its presence in the digital asset space.
- Jeremy Allaire, Circle CEO, highlights UAE’s role in fostering a digital financial system.
Circle’s recent in-principle approval from Abu Dhabi’s regulatory body marks a significant step towards full market participation, with strategic partnerships like Hub71 enhancing its digital asset operations.
Source (2.6)https://hodl.press/circle-gains-regulatory-approval-from-abu-dhabi-authority/?rand=24434
