Crypto.com Becomes UAE’s First Fully Licensed Crypto
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11 Articles
Key news: The Crypto.com entity at UAE received a Stored Value Facilities license from the UAE Central Bank for government fee payments in Dubai. Residents can finance crypto payments, while final settlement occurs in UAE dirhams or dirham-backed stablecoins. The approval activates the alliance with Dubai's Finance Department and could then support payments with Emirates Airlines and Dubai Duty Free, subject to new approvals. Crypto.
Crypto.com Becomes UAE’s First Fully Licensed Crypto
Crypto.com project has reached a new level of regulatory achievement in the United Arab Emirates when the Central Bank of the UAE granted the company a complete Stored Value Facilities license. This new Crypto.com license makes the platform the only Virtual Asset Service Provider (VASP) in the region that can provide crypto payment services to […]
UAE Grants Crypto.com License to Process Government Crypto Payments
Crypto.com announced that its Dubai entity has received a Stored Value Facilities (SVF) license from the Central Bank of the United Arab Emirates (CBUAE), authorizing crypto-funded payments for Dubai government fees through its platform. The company said customers can fund payments with digital assets, while settlements are processed in UAE dirhams or in dirham-backed stablecoins approved by the central bank under the SVF framework. The approval…
Crypto.com wins UAE central bank license to let residents pay government bills with crypto
Crypto.com's UAE license could accelerate digital payment adoption, supporting Dubai's cashless strategy and influencing global crypto regulations. The post Crypto.com wins UAE central bank license to let residents pay government bills with crypto appeared first on Crypto Briefing.
Crypto.com Becomes First Crypto Firm to Receive UAE Central Bank SVF License
Crypto.com is the first VASP to receive a UAE Central Bank Stored Value Facilities (SVF) license. UAE residents can now pay government fees using crypto via the Crypto.com platform. Crypto is auto converted to UAE dirhams before settlement, not paid directly. The Central Bank of the UAE has granted a Stored Value Facilities (SVF) license to Foris DAX Middle East FZE, the UAE entity of crypto exchange Crypto.com, making it the first Virtual Asset…
Crypto.com Gains UAE License for Dubai Government Crypto Payments
Crypto.com has received a UAE license tied to Dubai’s planned crypto-based government payment system. The exchange says it is currently the only VASP in the Emirates approved to handle these transactions. Crypto.com has secured a new license in the United Arab Emirates, giving it a formal role in Dubai’s effort to bring crypto payments into government services. The exchange said the approval makes it the only virtual asset service provider in th…
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