Crypto.com Close to Offering AED Stablecoin Payments with UAE License Approval

First VASP in UAE: Crypto.com Receives Central Bank Approval for Digital Wallet

Crypto.com becomes the first Virtual Asset Service Provider in the UAE to secure In-Principle Approval for a Stored Value Facilities license. The move allows residents to pay Dubai government fees using digital assets, converted instantly into UAE dirhams. The approval highlights growing regulatory acceptance of digital commerce in the UAE while emphasizing security, compliance, and anti-money laundering standards. Crypto.com announced a major s…

Crypto.com Granted In-Principle Approval to Settle Dubai Government Payments in Stablecoins

Crypto.com has received In-Principle Approval from the Central Bank of the United Arab Emirates to operate under a Stored Value Facilities (SVF) license. It brings the exchange a step closer to processing stablecoin and dirham payments for Dubai government services.The approval, which was granted to Foris DAX Middle East FZ-LLC, allows the exchange to expand into regulated digital payments in the region once final authorization is granted.Digita…

Crypto.com Receives Key License from UAE Central Bank

Crypto.com obtains preliminary SVF license in UAE, paving the way for regulated digital payments.

Crypto.com close to offering AED stablecoin payments with UAE license approval

Foris DAX Middle East, trading as Crypto.com, has received In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE) for a Stored Value Facilities (SVF) license which will allow it to provide digital payment services for Dubai government fees in UAE Dirham or UAE Dirham-backed stablecoins. Once the final license is granted, the company will be able to provide digital payment services for Dubai Government fees in UAE dirhams or dirham-…

UAE residents can soon pay government fees with crypto

Crypto.com has become the first VASP in the UAE to receive IPA for SVF license, enabling regulated digital payments — like government fees in crypto — automatically converted into UAE dirhams or AED-pegged stablecoins once final compliance checks are completed.…

Crypto.com Receives In-Principle Approval for UAE SVF License - Fintechnews Middle East

Foris DAX Middle East, trading as Crypto.com, has received In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE) for a Stored Value Facilities (SVF) license. Once the final license is granted, the company will be able to provide digital payment services for Dubai Government fees in UAE dirhams or dirham-pegged stablecoins, through the SVF framework. Customers will be able to pay using any digital assets held on the VARA-licensed p…