Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Crypto.com to offer regulated virtual asset services such as exchange services, broker-dealer services, management and investment services, and lending and borrowing services. The license is subject to compliance with VARA’s conditions and localizations. Once Crypto.com satisfies VARA’s requirements, it can commence operations and will receive an operational approval notice from the regulator. The company’s CEO, Kris Marszelek, expressed his excitement about being one of the first crypto exchanges to receive the VASP License and highlighted Dubai’s effective regulation for the crypto space. Crypto.com has been working diligently to comply with the regulatory framework set by VARA. This development further demonstrates the company’s commitment to security and compliance.

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Information	Details
Geography	Middle East
Countries	🇦🇪 🇸🇬
Sentiment	positive
Relevance Score	1
People	Kris Marszelek
Companies	Crypto.com, Dubai’s Virtual Asset Regulatory Authority (VARA), CRO DAX Middle East FZE
Currencies	None
Securities	None