{"id":75843,"date":"2023-03-20T13:35:04","date_gmt":"2023-03-20T11:35:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75843"},"modified":"2025-09-10T13:56:21","modified_gmt":"2025-09-10T10:56:21","slug":"dubai-regulator-grants-crypto-com-a-preliminary-license","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dubai-regulator-grants-crypto-com-a-preliminary-license\/","title":{"rendered":"Dubai regulator grants Crypto.com a preliminary license"},"content":{"rendered":"<p>Crypto.com, the cryptocurrency platform, has received preliminary approval to operate from the Dubai Virtual Asset Regulatory Authority (VARA).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re proud to announce our latest milestone in global regulatory compliance and licensure.<a href=\"https:\/\/t.co\/vCNztATSCO\">https:\/\/t.co\/vCNztATSCO<\/a> has secured its MVP Preparatory License from the Virtual Asset Regulatory Authority in Dubai. ??<\/p>\n<p>Learn more:<a href=\"https:\/\/t.co\/ApmdXpUBI3\">https:\/\/t.co\/ApmdXpUBI3<\/a> <a href=\"https:\/\/t.co\/iwYCznyYXQ\">pic.twitter.com\/iwYCznyYXQ<\/a><\/p>\n<p>\u2014 Crypto.com (@cryptocom) <a href=\"https:\/\/twitter.com\/cryptocom\/status\/1637635648046903296?ref_src=twsrc%5Etfw\">March 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the press release, the company was granted the license under the MVP program after a thorough review of documentation, staff and KYC\/AML procedures.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[\u2026] we will continue to work with regulators to provide our clients with the most complete and secure experience interacting with digital assets,\u201d said Kris Marshalek, CEO of the crypto exchange.<\/p>\n<\/blockquote>\n<p>VARA added that the participation of trusted players contributes to the regulator\u2019s aims of \u201ccreating a progressive and forward-looking regulatory framework\u201d.<\/p>\n<p>Earlier, positive decisions were granted to <a href=\"https:\/\/forklog.com\/en\/news\/huobi-exchange-secures-dubai-regulators-provisional-approval\">Huobi<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/okx-granted-dubai-license\">OKX<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/blockchain-com-receives-provisional-approval-to-operate-in-dubai\">Blockchain.com<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/binance-secures-licence-in-dubai\">Binance<\/a>.<\/p>\n<p>In February, the head of the latter, <a href=\"https:\/\/forklog.com\/en\/news\/binance-ceo-identifies-favorable-countries-for-bitcoin-business\">urged<\/a> entrepreneurs to consider relocating to countries with more favorable regulation. Among them he named Dubai, Bahrain and France.<\/p>\n<p>In December 2022 Crypto.com <a href=\"https:\/\/forklog.com\/en\/news\/crypto-com-receives-brazil-payment-institution-licence\">obtained<\/a> a payments institution license from the Central Bank of Brazil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto.com has received preliminary approval to operate from the Dubai Virtual Asset Regulatory Authority (VARA).<\/p>\n","protected":false},"author":1,"featured_media":75844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1452,272],"class_list":["post-75843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-com","tag-dubai"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=75843"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75843\/revisions"}],"predecessor-version":[{"id":75845,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75843\/revisions\/75845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75844"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}