Crypto.com gained full operational approval from Dubai’s VARA. The platform is the first global cryptocurrency operator approved in the UAE for use with fiat currency. It plans to expand services for institutional and retail users globally. Crypto.com, a Singapore-based cryptocurrency exchange platform, announced that it had obtained full operational approval from Dubai’s Virtual Assets Regulatory […]
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- Crypto.com gained full operational approval from Dubai’s VARA.
- The platform is the first global cryptocurrency operator approved in the UAE for use with fiat currency.
- It plans to expand services for institutional and retail users globally.
Crypto.com, a Singapore-based cryptocurrency exchange platform, announced that it had obtained full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA). Notably, this achievement marks the first time a global cryptocurrency operator has been given the green light to operate in the United Arab Emirates using fiat currency.
We’re excited to announce our full operational approval from Dubai’s Virtual Assets Regulatory Authority
Crypto․com Exchange will be available for institutional investors as our first launch in the region
pic.twitter.com/6ZhHDdzPcT
— Crypto.com (@cryptocom) April 9, 2024
The platform’s X account broke this news to its followers, stating,
We’re excited to announce our full operational approval from Dubai’s Virtual Assets Regulatory Authority. Crypto․com Exchange will be available for institutional investors as our first launch in the region.
This news came after the…
The post Crypto.com Attains Full Operational License Granted by Dubai’s VARA appeared first on Coin Edition.
