The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Crypto.com has obtained a preliminary VASP license from the Dubai Digital Asset Regulator, a move that has garnered praise from various crypto firms in the region. Dubai’s approach to the emerging crypto industry has been commended by these firms. This development highlights the growing acceptance and recognition of cryptocurrencies in Dubai. The VASP license will enable Crypto.com to operate as a Virtual Asset Service Provider in Dubai, further solidifying its presence in the region. This news is a positive sign for the crypto industry as it demonstrates the increasing support and regulatory framework being established in Dubai.