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Crypto.com Obtains Full Dubai Operational License

Singapore-based digital asset exchange Crypto.com has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local entity, the firm said on Tuesday. CRO DAX Middle East FZE is now on VARA's public register, and as a first step, institutional investors in the United Arab Emirates (UAE) will now be able to use the Crypto.com exchange. Crypto.com said the full license from VARA "marks a first for a global crypto operator to be operational with fiat in the UAE." The firm also said it has plans for other product launches, including additional retail-user focused products. The past year has seen Crypto.com go from the highs of approvals to operate in Singapore, France, Brazil and the U.K.


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