contributor
Posted:
- The crypto exchange referred to its Dubai office as its regional hub in the Middle East region.
- It received an MPI license from the MAS in June.
Crypto.com has obtained a Virtual Assets Service Provider license in Dubai.
Virtual Assets Regulatory Authority (VARA), the crypto regulator of Dubai, granted the license to CRO DAX Middle East FZE, the Dubai entity of Crypto.com.
https://t.co/vCNztATkNg is proud to announce that we have been granted a Virtual Asset Service Provider Licence pending operational approval from Dubai’s Virtual Assets Regulatory Authority, building on our position in the #UAE market.
Learn more:https://t.co/0anXDLsxTv pic.twitter.com/SgcqSTSqux
— Crypto.com (@cryptocom) November 14, 2023
The exchange can now offer broker-dealer, lending and borrowing services once the authority grants operational approval.
Crypto.com CEO Kris Marszalek said,
“We are excited to showcase more of our industry-leading products to customers across permissible jurisdictions from Dubai, and look forward to working with regulators contributing to this thriving ecosystem.”
Crypto.com received a minimal viable product (MVP) license in March. The exchange referred to its Dubai office as its regional hub in the Middle East region.
The exchange also received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in June.
The UAE and Singapore emerge as crypto hubs
Combative actions of regulatory bodies in the U.S. have compelled crypto entities to look elsewhere for expansion. The U.S. doesn’t seem keen to issue crypto-specific regulations as it thinks existing securities laws are sufficient to regulate crypto.
Meanwhile, Dubai and Abu Dhabi, two prominent emirates in the United Arab Emirates (UAE), have established crypto regulators in their jurisdictions in the last few years.
Singapore legislated the Payment Services Act (PSA) in January 2020 to oversee both traditional and cryptocurrency exchanges. The island nation refers to cryptocurrencies as digital payments tokens (DPTs).
Regulation in both these countries is still evolving but at least, it’s crypto-specific. Unlike the U.S., regulatory bodies in these jurisdictions recognize crypto assets as a separate asset class.
As per a recent Chainalysis report, institutional investments constituted more than 67% of crypto transactions in the UAE between July 2022 and June 2023. The total value of crypto assets received by the UAE during this period amounted to almost $35 billion.
Meanwhile, Henley & Partners put Singapore on the top spot in its Crypto Adoption Index, followed by Switzerland and the UAE. Both countries top the list in tax-friendliness and public adoption.
acquista clomid online can i buy cheap clomiphene pill where can i get generic clomiphene pill where can i get generic clomiphene pill clomid or serophene for men can i buy clomid where to get cheap clomid without prescription
I’ll certainly return to read more.
This is a topic which is near to my callousness… Myriad thanks! Exactly where can I notice the acquaintance details in the course of questions?
buy azithromycin generic – generic azithromycin 250mg purchase flagyl generic
buy semaglutide – rybelsus 14 mg generic cyproheptadine 4mg for sale
motilium 10mg canada – generic tetracycline flexeril sale
order zithromax 250mg without prescription – azithromycin 500mg generic nebivolol 20mg over the counter
buy augmentin no prescription – atbioinfo.com buy cheap generic acillin
nexium 20mg for sale – anexamate esomeprazole 20mg cost
buy medex generic – https://coumamide.com/ buy cozaar 25mg pills
order mobic sale – tenderness buy meloxicam 15mg generic
brand deltasone 40mg – https://apreplson.com/ buy prednisone 10mg
blue pill for ed – fast ed to take cheap erectile dysfunction pill
amoxicillin oral – https://combamoxi.com/ amoxicillin online order
order diflucan sale – click buy fluconazole without a prescription
buy cenforce without prescription – cenforce where to buy order cenforce 50mg online
buy cialis generic online 10 mg – fast ciltad cialis from canadian pharmacy registerd
zantac 150mg us – online buy ranitidine generic
how long does it take cialis to start working – no prescription female cialis best price on generic tadalafil
More articles like this would remedy the blogosphere richer. https://gnolvade.com/es/comprar-finasterida/
safe place order viagra online – can buy cheap viagra where can i buy the viagra
Greetings! Extremely serviceable par‘nesis within this article! It’s the little changes which choice espy the largest changes. Thanks a portion towards sharing! https://ursxdol.com/levitra-vardenafil-online/
This is a keynote which is virtually to my verve… Diverse thanks! Unerringly where can I notice the acquaintance details an eye to questions? oral amoxil
This is a topic which is in to my heart… Diverse thanks! Exactly where can I find the connection details for questions? https://prohnrg.com/product/metoprolol-25-mg-tablets/
More posts like this would create the online space more useful. online
This website really has all of the tidings and facts I needed adjacent to this participant and didn’t comprehend who to ask. https://ondactone.com/spironolactone/
Greetings! Extremely useful par‘nesis within this article! It’s the crumb changes which will make the largest changes. Thanks a a quantity in the direction of sharing! https://lzdsxxb.com/home.php?mod=space&uid=5065823
cost forxiga 10 mg – forxiga 10mg brand buy forxiga cheap
xenical drug – https://asacostat.com/ order generic orlistat 60mg
Greetings! Extremely productive par‘nesis within this article! It’s the scarcely changes which choice obtain the largest changes. Thanks a quantity in the direction of sharing! http://www.01.com.hk/member.php?Action=viewprofile&username=Ufygcs