Cryptocurrency Q&A
Is crypto com legal in UAE?
Is crypto com legal in UAE?
BitcoinWarrior
Fri Jun 07 2024
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5 answers
950
Could you please clarify for me, is crypto currency considered legal in the United Arab Emirates? I've been hearing conflicting information about this topic, and I'm keen to understand the official stance on cryptocurrencies within the country. Is there a specific regulatory framework that governs the use and trading of crypto assets in the UAE? Also, are there any specific cryptocurrencies that are allowed or disallowed? I'd appreciate it if you could provide some clarity on this matter. Thank you in advance for your assistance.
5 answers
ethan_carter_engineer
Sun Jun 09 2024
Crypto.com has recently received operational approval in the United Arab Emirates, a significant milestone for the global cryptocurrency operator.
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Stefano
Sun Jun 09 2024
This approval is the result of Crypto.com's diligent fulfillment of the pre-operational conditions outlined in the Virtual Asset Service Provider Licence granted to CRO DAX Middle East FZE in November 2023.
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Michele
Sun Jun 09 2024
The licence, awarded by the UAE's regulatory body, allows Crypto.com to offer its services to a wider audience in the region, including the ability to transact in fiat currency.
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BonsaiLife
Sat Jun 08 2024
This marks the first time a global crypto operator has been granted operational approval with fiat in the UAE, underscoring the region's increasing acceptance and integration of digital assets.
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SeoulSerenitySeeker
Sat Jun 08 2024
Among the services Crypto.com offers in the UAE is BTCC, a UK-based cryptocurrency exchange. BTCC provides a comprehensive suite of services, including spot trading, futures contracts, and a secure wallet solution.
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