Crypto.com announced that it has obtained a license from Dubai's virtual asset service provider.

According to official sources, Crypto.com's Dubai-based entity, CRO DAX Middle East FZE, announced on November 14th that it has been granted a virtual asset service provider (VASP) license by the Dubai Virtual Asset Regulatory Authority (VARA) to engage in specific virtual asset service activities. With the operational approval, the VASP license will allow Crypto.com to provide regulated virtual asset services, including trading services, broker-dealer services, management and investment services, as well as lending services. These services will be offered to retail and institutional users in the market via the Crypto.com application and Crypto.com exchange.