Crypto.com has obtained a license from the Dubai Virtual Assets Service Provider

ChainCatcher news, Crypto.com announced that its Dubai entity CRO DAX Middle East FZE has obtained a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to engage in specific virtual asset service activities.

The VASP license will enable Crypto.com to provide regulated virtual asset service activities, including trading services, brokerage proprietary trading services, management and investment services, and lending services. These services will be offered to retail and institutional users in the market through the Crypto.com app and the Crypto.com exchange.