Coinspeaker
Crypto.com Secures Full Operational License in Dubai

Crypto.com, a leading global crypto exchange, announced today that it has received a full operational license from Dubai’s Virtual Assets Regulatory Authority (VARA). This is a huge milestone for Crypto.com as it became the first crypto exchange globally to have been approved to operate with fiat currency in the United Arab Emirates (UAE).

Crypto.com License Stirs Availability to Dubai Investors

A full operational license for Crypto.com from VARA permits businesses to serve institutional and qualified investors. As a result, Crypto.com is expected to provide a wide range of services including products for institutional investors.

Eric Anziani, Chief Operating Officer of Crypto.com commented on the approval, stating:

“Launching with our world-class Crypto.com Exchange institutional services will be fundamental to our continued growth and success in such a key market for our company.”

Crypto.com’s full operational license indicates its satisfactory completion of a four-step VARA process. The initial stage began in 2022 when the exchange was