Crypto.com obtains MVP preparatory license from Dubai Virtual Assets Regulatory Authority

2023-03-20 10:39:08

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ChainCatcher news, the cryptocurrency trading platform Crypto.com has announced that it has obtained an MVP preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA). The preparatory phase of the MVP stage allows approved licensees to meet all prerequisites required to operate an MVP market within the VARA framework. Once operational approval is granted, Crypto.com will be able to expand its suite of approved regulated virtual asset activities, covering a range of cryptocurrency trading services (spot and derivatives), brokerage, margin/leverage trading, and over-the-counter trading products focused on institutional settlement for investors.

The Dubai Virtual Assets Regulatory Authority (VARA) was established in March 2022 under the Dubai Virtual Assets Regulatory Law to set international standards for the virtual asset industry. (Source link)

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