Crypto.com receives VASP license from Dubai’s virtual assets regulatory authority
On November 14, 2023, Crypto.com revealed that its Dubai entity, CRO DAX Middle East FZE, received a Virtual Assets Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority (VARA). The license is contingent upon meeting specified conditions and localization requirements outlined by VARA. Operations can commence upon receiving an operational approval notice from the regulator, as per the latest information shared with Finbold. https://t.co/vCNztATkNg is proud to announce that we have been granted a Virtual Asset Service Provider Licence pending operational approval from Dubai's Virtual Assets Regulatory Authority, building on our position in the #UAE market. Learn more:https://t.co/0anXDLsxTv pic.twitter.com/SgcqSTSqux — Crypto.com (@cryptocom) November 14, 2023 Upon operational approval, the VASP Licence will enable Crypto.com to provide regulated virtual asset services, encompassing exchange, broker-dealer, management, investment, and lending ...