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