MichaelSmith
Fri Jun 07 2024
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6 answers
640
Is crypto com legal in UAE?｜This operational approval follows Crypto.com's fulfillment of the pre-operational conditions stipulated in the Virtual Asset Service Provider License granted to CRO DAX Middle East FZE in November 2023, and marks a first for a global crypto operator to be operational with fiat in the UAE.
Could you please clarify whether Crypto.com is considered legal in the United Arab Emirates? It seems that they have obtained operational approval after fulfilling the pre-operational conditions outlined in the Virtual Asset Service Provider Licence awarded to CRO DAX Middle East FZE in November 2023. Is this indeed a milestone for a global crypto operator to be operational with fiat currency in the UAE? I'm keen to understand the legality status of Crypto.com in this region.
