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Crypto.com gets a provisional crypto license to operate in Dubai as FTX is set to launch in Japan as the top largest cryptocurrency exchanges expand into new markets.
Source: CoinTelegraph
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Crypto.com stated that the Dubai Virtual Assets Regulatory Authority (VARA) offered the exchange with provisional approval of its virtual asset license.
The exchange stated that VARA will conduct further due diligence and other compulsory requirements before getting its full operating license in the near term.
Crypto.com will establish a regional office in the United Arab Emirates (UAE) largest city after it formed new laws for crypto and formed VARA with the target of marking Dubai a global hub for crypto.
FTX has unveiled FTX Japan to serve its Japanese clients after getting the local Liquid crypto exchange in February.
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