Crypto.com’s Dubai Entity Receives Approval

Crypto.com’s Dubai Entity Receives Approval

Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and is launching the Crypto.com Exchange for

The post Crypto.com’s Dubai Entity Receives Approval appeared first on Fintechnews Middle East.Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and is launching the Crypto.com Exchange for institutional investors as its first operational milestone.

This operational approval follows Crypto.com’s fulfillment of the pre-operational conditions stipulated in the Virtual Asset Service Provider Licence granted to CRO DAX Middle East FZE in November 2023, and marks a first for a global crypto operator to be operational with fiat in the UAE.

Eric Anziani

“We are thrilled to expand our presence and offering in the UAE with the support of VARA,”

said Eric Anziani, President and Chief Operating Officer of Crypto.com.

 

 

Featured image credit: Edited from freepik

 

The post Crypto.com’s Dubai Entity Receives Approval appeared first on Fintechnews Middle East. Crypto.com’s Dubai Entity Receives Approval