Circle has received principle approval from Abu Dhabi regulatory authorities to conduct business as a currency service provider

On April 29th, according to The Block, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted principle approval to stablecoin issuer Circle to operate as a currency service provider. This measure was taken 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.