The stablecoin issuer Circle has secured a Financial Services Permission (FSP) from the Abu Dhabi Global Market Financial Services Regulatory Authority, enabling Circle to operate as a money services provider within the Abu Dhabi International Financial Center (IFC). The approval expands Circle’s regulatory foothold in the region and signals a commitment to rigorous compliance standards for cross-border payments and settlement services.
In tandem with the regulatory milestone, Circle appointed Dr. Saeeda Jaffar as Managing Director for Circle in the Middle East and Africa. Jaffar, a former Senior Vice President at Visa and GCC Group Country Manager, will lead regional strategy, partnerships, and regulatory engagement to support Circle’s expansion across MEA.
Source: https://en.coinotag.com/breakingnews/circle-receives-abu-dhabi-global-market-fsp-approval-to-operate-usdc-in-middle-east-and-africa
