Shiba Inu: CryptoCom To Offer Shiba Inu to Dubai Residents

CryptoCom Approves to Offer Shiba Inu to Dubai Residents

Crypto.Com has acquired authorization to allow Dubai residents to trade Shiba Inu, and other prominent cryptocurrencies via its platform. 

The exchange announced securing a green light from the Dubai authority in a recent blog post and via its official X account. 

Crypto.Com License and Shiba Inu Trading Commencement’s Dubai sister arm, CRO DAX Middle East FZE, has successfully secured a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).

 The VASP permission, although pending operational approval, is specific to defined virtual asset service activities. The license is contingent upon meeting predefined conditions and localization requirements.

Upon receiving the regulatory endorsement notice, operational activities are set to commence. This milestone empowers to offer a range of regulated crypto services, including exchange services, investment, broker-dealer, management, lending, and borrowing services. 

Also read: Shiba Inu Lead Confident in Seizing Bull Market Opportunities

These services will cater to both retail and institutional users, accessible through the App and Exchange. Notably, Dubai residents will gain regulated exposure to crypto assets like.

It’s important to note that listed SHIB in May 2021, responding to the digital asset’s increasing popularity. With the imminent confirmation of its license from Dubai authorities, locals will soon be able to exchange Shiba Inu and other supported digital assets, including Bitcoin, on platforms.

CryptoCom Approves to Offer Shiba Inu to Dubai Residents

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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