Crypto.com, a leading cryptocurrency exchange with over 80 million global users, has received its MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com to prepare for full operations in Dubai, offering a range of crypto exchange services, brokerage, and institutional services.
VARA’s regulatory framework aims to protect investors and establish international standards for the virtual assets industry. Crypto.com’s MVP Preparatory License was granted after a thorough review of its compliance practices, security measures, and key personnel.
“We are pleased to welcome Crypto.com to the MVP Programme preparatory phase,” said Henson Orser, CEO of VARA. “Crypto.com’s participation will further our mission of delivering a progressive and future-focused regulatory framework.”
“This achievement is a significant step for Crypto.com in a crucial market,” said Kris Marszalek, CEO of Crypto.com. “With the MVP preparatory license, we look forward to continuing to work with regulators to provide customers with the most comprehensive and secure crypto experience.”
