Crypto Updates

Crypto.com Secures Dubai Presence with MVP Preparatory License

Dubai

Crypto.com has become the latest cryptocurrency exchange to receive a Minimal Viable Product (MVP) Preparatory license from Dubai’s Virtual Asset Regulatory Authority (VARA).

It came after the exchange obtained provisional approval from the regulator in Dubai last year. In the preparatory stage, the MVP license allows the exchange to fulfill the conditions to operate within the VARA Regime.

Under the new Dubai license, Crypto.com will be allowed to offer spot and derivatives instruments of virtual assets. The offerings can include exchange services, brokerage, margin or leverage

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