In a significant stride towards fostering its position as a global hub for the virtual asset sector, Dubai’s regulatory authority has granted a provisional license to Crypto.com’s Dubai entity, CRO DAX Middle East FZE. According to a Reuters report, this milestone, subject to operational approval, is poised to empower Crypto.com to offer an array of services, spanning crypto exchange, broker-dealer, investment, and lending and borrowing services, to both retail and institutional investors.
Crypto.com Receives Provisional License In Dubai
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has achieved a significant regulatory milestone as it received a provisional license from Dubai’s Virtual Assets Regulatory Authority (VARA). Meanwhile, pending operational approval, this Virtual Assets Service Provider (VASP) license will enable Crypto.com to introduce a comprehensive suite of services to both retail and institutional investors in the market.
Notably, the regulatory nod comes
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