• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 16, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Crypto.com got preparatory license in Dubai

by Om Chaturvedi
March 21, 2023
in Crypto
Reading Time: 2 mins read
0
Crypto.com

Credits: Ethereum World News

TwitterWhatsappLinkedin

Singapore-based Crypto.com has recently been granted a preparatory license by the Dubai Financial Services Authority (DFSA) to expand its services in Dubai. This license allows Crypto.com to conduct certain financial activities in the region as it prepares to apply for a full license.

You might also like

Kazakhstan makes a Bold Move: Sovereign Wealth Reserves Embrace Cryptocurrency

ProShares Ultra XRP ETF Launch Set to Ride Crypto Week Momentum

Ethereum Emerges at Center Stage as Bank of America Tracks Digital Assets

Crypto.com is a rapidly growing cryptocurrency platform that offers a range of services, including cryptocurrency trading, staking, and lending. The company has been expanding its services globally and has already established a strong presence in Asia, Europe, and the United States.

With the preparatory license from the DFSA, Crypto.com can now start building its operations in Dubai and exploring new opportunities in the Middle East. This license is a significant milestone for the company, as it is one of the first cryptocurrency companies to receive regulatory approval in the region.

Crypto
credits: Forkast News

According to Kris Marszalek, CEO of Crypto.com, the company is committed to complying with all regulatory requirements and ensuring the safety and security of its customers’ assets. “We are pleased to have received this preparatory license from the DFSA, which is a testament to our commitment to operating with the highest standards of compliance and security,” he said.

Dubai is a major financial hub in the Middle East and has been making efforts to establish itself as a hub for blockchain and cryptocurrency businesses. The city has launched several initiatives to promote the use of blockchain technology in various sectors, including finance, real estate, and transportation.

Crypto.com’s expansion into Dubai is expected to further boost the city’s efforts to become a leading hub for blockchain and cryptocurrency businesses. The company’s presence in the region is likely to attract more investors and entrepreneurs to Dubai, which could lead to the development of new blockchain-based businesses and solutions.

Crypto.com

Crypto.com has also been making significant investments in the region, including a $100 million investment in a new fund dedicated to investing in blockchain startups in the Middle East and North Africa. The company has also partnered with the Dubai-based payments company, Foloosi, to enable users to pay for goods and services using cryptocurrencies.

In conclusion, Crypto.com’s preparatory license from the DFSA is a significant milestone for the company and a positive development for the cryptocurrency industry as a whole. The expansion of cryptocurrency services in Dubai could lead to increased adoption of blockchain technology in the region, which could have far-reaching benefits for businesses and consumers alike. With the regulatory approval from the DFSA, Crypto.com is well-positioned to become a major player in the Middle East’s growing blockchain and cryptocurrency ecosystem.

Tags: #Crypto#Operating_licenses
Tweet54SendShare15
Previous Post

UBS bought Credit Suisse and bondholders lost $17 billion. What happened?

Next Post

Paul Grewal terms FTX collapse as a huge setback for the entire crypto industry

Om Chaturvedi

Om is a final year Engineering student in Panjab University, Chandigarh. Content Writer by Choice. Special Interest in Crypto, Metaverse and AI. Three Years of Experience in writing and ambitious to bring change with Pen & thoughts.

Recommended For You

Kazakhstan makes a Bold Move: Sovereign Wealth Reserves Embrace Cryptocurrency

by Anindya Paul
July 16, 2025
0
Kazakhstan

Kazakhstan is about to dive into a unique financial opportunity with a historic decision to integrate cryptocurrencies into its sovereign wealth funds. The National Bank of Kazakhstan is...

Read more

ProShares Ultra XRP ETF Launch Set to Ride Crypto Week Momentum

by Anindya Paul
July 15, 2025
0
ProShares

The SEC has officially approved the ProShares Ultra XRP ETF (ticker: UXRP) for listing on NYSE Arca—a pivotal moment that brings leveraged XRP exposure into mainstream U.S. finance....

Read more

Ethereum Emerges at Center Stage as Bank of America Tracks Digital Assets

by Anindya Paul
July 15, 2025
0
Ethereum

Introduction Bank of America’s new weekly digital asset report, On Chain, has turned the spotlight toward Ethereum, highlighting its growing role as the preferred network for stablecoins. With...

Read more
Next Post
FTX

Paul Grewal terms FTX collapse as a huge setback for the entire crypto industry

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?