Circle has received approval in principle from Abu Dhabi regulators, allowing it to operate as a money services provider

On April 29, TheBlock reported that the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted in-principle approval to stablecoin issuer Circle to operate as a money services provider. The move follows Circle's establishment of a new legal entity within ADGM in December 2024 to expand its global presence in the Middle East and Africa region.