Cronos

<ul><li>Crypto.com receives MVP preparatory license from VARA Dubai.</li><li>Exchange gains a license to complete the requirement to start MVP market functions.</li></ul>Crypto.com, an exchange has officially declared its reception of <a href="https://thenewscrypto.com/tag/dubai/" rel="noopener noreferrer nofollow">Dubai’s</a> VARA Minimum Viable Product (MVP) Preparatory License. Virtual Assets Regulatory Authority (VARA) is the ultimate regulation for virtual assets in the Dubai zone. The spaces include Special Development Zones and Free Zones but exclude the Dubai International Financial Centre.From June 2023, Crypto.com gains a license to complete every initial requirement to start MVP market functions. And this license was delivered to Crypto.com after studying every particular concern of the <a href="https://thenewscrypto.com/exchange-news/" rel="noopener noreferrer nofollow">exchanges</a>. Such as cross-border safety and security measures, Anti Money Laundering/Countering the Financing of Terrorism (AML/CFT) capabilities, and Know Your Customer(KYC).Henson Orser, CEO of VARA states:<blockquote>“VARA’s regulatory framework will be instrumental in creating and managing a unique, resilient and securely future-proofed ecosystem that delivers a sustainable and thriving global best-in-class VA market with secure cross-border interoperability.”</blockquote>Both VARA and Crypto.com are positive about this regulatory move, as the key players of the institutions represent in their notes.

Dubai’s VARA Approves Crypto.com’s MVP Preparatory License

TheNewsCrypto

在 2023年3月20日發表的其他文章

The Power of Pairing: Why Token Pairing is Crucial for Price Growth

Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K

Security Breach at Bitcoin ATM Maker: General Bytes Closes Cloud Service Amid Vulnerability – Her...

How to Use Transit Swap

XRP Market Cap Tops $20 Billion

How to Build Decentralized Apps With DigiByte

訂閱免費電子報，每天收取加密貨幣最新動態！