Crypto.com’s Dubai-based entity, CRO DAX Middle East FZE, has secured a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), pending operational approval. This license, once finalized, will enable Crypto.com to provide a range of services, including exchange, broker-dealer, and investment, as well as lending and borrowing services to both retail and institutional investors in the Dubai market. The regulatory move comes as Dubai aims to position itself as a global hub for the virtual asset sector and diversify its economy.
Read the original article here: https://www.financialexpress.com/business/digital-transformation-crypto-com-wins-dubai-licence-3306529/