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<div class="cryptonews">
 <p class="is-style-lead">Dubai-based branch of Crypto.com, CRO DAX Middle East FZE, has received a virtual asset service provider <a rel="noopener noreferrer nofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a> for certain virtual asset servicing <a rel="noopener noreferrer nofollow" title="activities" href="https://thebittimes.com/tag/activities.html">activities</a>.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a> from the Dubai Virtual Assets Regulatory Authority (VARA) means that Crypto.com fully satisfies the selected conditions and localization requirements specified by the regulator.</p>
 <p>According to the blog statement, once the VASP license is approved, Crypto.com can offer virtual asset services, including exchange services, broker-dealer services, management and investment services, and lending and borrowing services.</p>
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 <p>This list of services will be available to retail and institutional users in the marketplace through the app and the web version.</p>
 <blockquote class="wp-block-quote">
  <p>“We are excited to showcase more of our industry-leading products to customers across permissible jurisdictions from Dubai, and look forward to working with regulators contributing to this thriving ecosystem.”</p> <cite>Kris Marszalek, CEO of Crypto.com</cite>
 </blockquote>
 <p>In March, Crypto.com received preliminary approval to operate from VARA. The company was granted a license under the MVP program after a detailed analysis of documentation, employees, and KYC/AML procedures.</p>
 <p>VARA added that the participation of credible players contributes to the regulator’s goals of “creating a progressive and future-oriented regulatory framework.”</p>
 <p>In addition, Crypto.com has received a payment institution <a rel="noopener noreferrer nofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a> from the Central Bank of Brazil and permission to operate <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets in the UK.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-com-gets-license-in-dubai-for-certain-crypto-activities-tbt70178.html">https://thebittimes.com/crypto-com-gets-license-in-dubai-for-certain-crypto-activities-tbt70178.html</a></p>

Crypto.com gets license in Dubai for certain crypto activities

TheBitTimes

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