Crypto.com has successfully received a Virtual Assets Service Provider license in Dubai, allowing them to offer a range of crypto services.
According to their statement, the company’s entity in Dubai, CRO DAX Middle East FZE, obtained the license from Dubai’s Virtual Assets Regulatory Authority.
This authorization will allow Crypto.com to offer exchange, broker-dealer, investment, lending, and borrowing services, once they receive operational approval.
The company’s VASP license is subject to fulfilling certain conditions and localization requirements set by VARA, and it will be able to commence operations after obtaining an operational approval notice from the regulator.
CEO Kris Marszalek expressed excitement at the opportunity to showcase their top-rated products to customers in Dubai and collaborate with regulators to contribute to the growing ecosystem.
