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

On April 29th, according to TheBlock report, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted preliminary approval to stablecoin issuer Circle, allowing it to operate as a money services provider. This move comes after Circle established a new legal entity within ADGM in December 2024, with the aim of expanding its global business presence in the Middle East and Africa region.

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