Cryptocom Received Approval From The Dubai Virtual Assets Regulation Authority To Expand Its Crypto Portfolio

Crypto.com has been obtained the MVP preparatory license by the Dubai Virtual Assets Regulatory Authority (VARA). In order to establish and manage a differentiated, strong, and secure future-proof ecosystem that provides a dynamic global best-in-class VA market with safe cross-border interoperability, the regulatory framework that VARA provides will be essential. This framework will also be vital. According to the official site, Crypto.com announced on March 20 that it has secured the MVP preliminary license from the Dubai Virtual Assets Regulation Authority (VARA). The MVP phase of the preparation phase permits authorized licensees to complete all of the requirements for operating in the MVP market under the VARA regime. Once licensed, Crypto.com will be able to extend its permitted portfolio of suitably regulated virtual asset operations to include crypto trading services (spot and derivatives), brokerage, margin/leveraged trading, and services centered on institutional investors. OTC transactions that have been cleared.