Dubai grants provisional approval to crypto firm Blockchain.com – Reuters

Dubai grants provisional approval to crypto firm Blockchain.com – Reuters

Sept 9 (Reuters) - London-based crypto firm Blockchain.com said it had won a provisional approval to operate in Dubai, becoming the latest in a series of digital asset companies expanding in the Gulf as the region looks to become a hub for blockchain technology.

The company, which offers users a crypto wallet and is also a crypto exchange, said on Friday it had signed an agreement with Dubai's crypto regulator Virtual Assets Regulatory Authority (VARA) and would open an office in the region and begin hiring.