Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA), pending operational approval. The license will enable Crypto.com to offer a range of services to retail and institutional investors, including exchange services, broker-dealer services, investment services, and lending and borrowing services. Dubai’s regulatory efforts and support for the crypto industry have positioned it as a leading market for effective regulation and innovation in the cryptocurrency space.
Sources: https://www.reuters.com/technology/cryptocom-wins-dubai-licence-2023-11-14/
