Dubai: Crypto.com Obtains Preparatory License From VARA
On Monday, March 20, Crypto.com announced that it attained an “MVP Preparatory License” from Dubai ’s Virtual Assets Regulatory Authority. Prior to this, Crypto.com received the initial provisional approval from VARA in June 2022. The latest license has been granted to the exchange after a “detailed review” of several factors. The same included its governance procedures, AML/CFT capabilities, KYC/UBO policies, cross-border safety and security measures, and compliance practices. We’re proud to announce our latest milestone in global regulatory compliance and licensure.https://t.co/vCNztATSCO has secured its MVP Preparatory License from the Virtual Asset Regulatory Authority in Dubai . Learn more:https://t.co/ApmdXpUBI3 pic.twitter.com/iwYCznyYXQ — Crypto.com (@cryptocom) March 20, 2023 Also Read: Shiba Inu’s BONE Bags a Listing on Crypto.com The MVP phase during the preparatory stage opens the doors for approved applicants to fulfill all pre-conditions required to un...