{"id":193208,"date":"2023-11-14T12:16:31","date_gmt":"2023-11-14T06:46:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/crypto-com-secures-dubai-license-know-more-here-crypto-news\/"},"modified":"2023-11-14T12:16:33","modified_gmt":"2023-11-14T06:46:33","slug":"crypto-com-secures-dubai-license-know-more-here-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-com-secures-dubai-license-know-more-here-crypto-news\/","title":{"rendered":"Crypto.com Secures Dubai License, Know More Here &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>In a significant stride towards fostering its position as a global hub for the virtual asset sector, Dubai\u2019s regulatory authority has granted a provisional license to Crypto.com\u2019s Dubai entity, CRO DAX Middle East FZE. According to a Reuters <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/cryptocom-wins-dubai-licence-2023-11-14\/\">report<\/a>, this milestone, subject to operational approval, is poised to empower Crypto.com to offer an array of services, spanning <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/Crypto-exchange-2\/\">crypto exchange<\/a>, broker-dealer, investment, and lending and borrowing services, to both retail and institutional investors.<\/p>\n<h2>Crypto.com Receives Provisional License In Dubai<\/h2>\n<p>Crypto.com\u2019s Dubai entity, CRO DAX Middle East FZE, has achieved a significant regulatory milestone as it received a provisional license from Dubai\u2019s 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.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Notably, the regulatory nod comes as Dubai endeavors to establish itself as a leading global hub for the virtual asset sector, excluding the Dubai International Financial Centre.<\/p>\n<p>Meanwhile, CEO Kris Marszalek, discussing the update, conveyed confidence in Dubai\u2019s regulatory framework. He emphasized Dubai\u2019s role as a leading market in crafting effective regulations for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/cryptocurrency\/\">cryptocurrency<\/a> space, all while encouraging adoption and fostering innovation.<\/p>\n<p>With more than 80 million global customers, Crypto.com designated Dubai as its regional hub for the Middle East and North Africa earlier in 2022, aligning with the growing trend of major industry players choosing the Gulf city-state.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-prices-today-btc-pepe-decline-while-bgb-rally\/\">BTC, PEPE Decline While BGB Rally<\/a><\/strong><\/p>\n<h2>Dubai\u2019s Transformation into a Virtual Asset Powerhouse<\/h2>\n<p>With the granting of this provisional license, Crypto.com is set to leverage Dubai as its regional hub for the Middle East and North Africa, tapping into the burgeoning virtual asset sector. The license, once operational, will empower Crypto.com to extend a range of services, catering to the diverse needs of both retail and institutional investors.<\/p>\n<p>According to market watchers, this strategic move aligns with Dubai\u2019s ambitions to pioneer effective regulation in the crypto space while nurturing an environment conducive to adoption and innovation. Notably, the Gulf city state is emerging as a key player in the global virtual asset landscape, attracting major industry stakeholders keen on participating in its economic diversification journey.<\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-lawsuit-judge-analisa-torres-signs-order-on-remedies-discovery-and-briefing\/\">Judge Analisa Torres Signs Order On Remedies Discovery And Briefing<\/a><\/strong><\/p>\n<p><noscript><link rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/e6730a75a2109792ac9097cf851b17ef.css\" media=\"all\" data-minify=\"1\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><\/noscript><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/just-in-crypto-com-secures-dubai-license-know-more-here\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/just-in-crypto-com-secures-dubai-license-know-more-here\/\"><br \/>\n  <noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; 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According to a Reuters report, this milestone, subject to operational approval, is poised to empower Crypto.com to offer an array of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":193209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-193208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=193208"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193208\/revisions"}],"predecessor-version":[{"id":193210,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193208\/revisions\/193210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/193209"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=193208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=193208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=193208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}