Circle Gains Major Regulatory Foothold in UAE With ADGM License to Scale Stab...
Circle’s slow but steady expansion into the Middle East has taken a decisive step forward, as the USDC issuer secured a Financial Services Permission (FSP) license from Abu Dhabi Global Market (ADGM). Related Reading: Shiba Inu Whales Spike To 6-Month High: What’s Brewing? The move positions the company at the center of the UAE’s growing digital-asset ecosystem, strengthening its ability to scale stablecoin adoption across the region. For a market actively developing clearer regulatory frameworks and attracting global crypto players, Circle’s entry underscores the central role stablecoins....
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The Middle East has risen to prominence as a favored location for cryptocurrency exchanges, with Kraken becoming the latest to be granted a license by the Abu Dhabi Global Market (ADGM). Kraken is the first worldwide virtual asset exchange group to get a complete financial license from the ADGM in the United Arab Emirates, the […]
Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws. Circle Breakthrough According to a CNBC report, the approved license positions Circle as the first global stablecoin issuer to achieve compliance with the European Union’s regulatory framework known as Markets in Crypto-Assets (MiCA). This framework, considered a cornerstone in the EU’s approach to....
Circle Internet Financial set off a wave of positive press last week when it revealed the news that it had become an electronic money institution registered under the Financial Conduct Authority (FCA) in the UK. Though enthusiasm was high, there was confusion over the nature of the licensing and how it enables Circle to further its operations. Of note, is that the e-money license is not digital currency-specific, with the E-Money Directive being introduced in the UK in September 2009. The FCA, sources noted, is still debating how it will seek to regulate digital currencies in the UK.....
“Bitcoin Bank” Circle announced that people in the U.K. can now experience social payments over the open Internet in their native currency, pound sterling (GBP), using Circle’s updated apps for Android, iOS and the Web. The company was granted an e-money license by the U.K. Financial Conduct Authority. Circle is extending the ability to hold and pay in U.S. dollars, available in all U.S. states, to Circle account holders in the U.K. British Circle users are now able to hold GBP and make GBP payments instantly, with zero fees. Circle also announced that it’s eliminating transaction and....
Circle, a Bitcoin exchange and services startup is granted an electronic money license by the British government through its foremost financial regulator. The milestone marks the first time that Britain has bestowed a license upon a bitcoin company. The license was granted by Britain’s primary financial regulator, the Financial Conduct Authority. The move further Britain’s public and determined stance to stand out as the go-to hub for financial technology. Circle facilitates currency transfers by converting them to bitcoin first, with all transactions verified and recorded on the bitcoin....