A prominent name in the industry, Crypto.com, has received a license to operate crypto exchange services in Dubai. Indeed, the country’s digital asset regulator has granted the company the necessary license to offer crypto services and broker-deal services in the country. The company released a statement announcing the reception of Dubai’s Virtual Asset Service Provider, also known as VASP, license. Subsequently, this development grants the company the ability to offer specified crypto offerings in the region and grow its reach. Crypto.com Broadens Payment Ecosystem: MATIC, USDC, DAI Integration Announced Source: Forbes.
“‘Crypto.com’s VASP license is subject to the company fully satisfying select conditions and localization requirements defined by VARA and will be able to commence operations thereafter, subject to operational approval notice from the regulator,” the company stated. “We are excited to showcase more of our industry-leading products to customers across permissible jurisdictions in Dubai,” CEO Kris Marszalek stated. Additionally, he noted regional aid in contributing to what he called a “thriving ecosystem.”
Crypto.com has received a license to operate a crypto exchange in Dubai, according to a statement from the company. This is good news, as it means that they will be able to offer investment, lending, borrowing, and broker-dealer services in the region. This shows the commitment of Dubai to digital assets, and the industry is excited to see what Crypto.com will be able to do in the region.
You can read more about this topic here: Watcher Guru: Crypto.com Gets License to Operate Crypto Exchange in Dubai