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Mexican peso surges as US dollar dips
#News
2 mins read
2 years ago

Mexican peso surges as US dollar dips

U.S. claims Russia is using Tether to evade sanctions - Uh...
#News
2 mins read
2 years ago

U.S. claims Russia is using Tether to evade sanctions – Uh…

Gaudi 3
#News
3 mins read
2 years ago

Intel Unveils Gaudi 3 To Bridge AI Technology Gap in High-Demand Era

Pressure Injuries
#Tech
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2 years ago

New AI Model Revolutionizes Prediction of Pressure Injuries, Saving Lives and Costs

EigenLayer
#News
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2 years ago

EigenLayer: The Blackhole for Ethereum?

Cisco
#Tech
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2 years ago

Cisco’s Strategic Leap into AI with Splunk and Nvidia

crypto
#Regulation
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2 years ago

The rise and fall of a crypto kingpin

Industrial
#Tech
3 mins read
2 years ago

Industrial Sector Faces AI Integration Challenges, Finds Aras Report

Worldcoin
#News
2 mins read
2 years ago

Worldcoin Issues New Updates; Measures to Build Trust and Transparency

AI
#News
3 mins read
2 years ago

AI Redefines Human Work, Stirring a Global Debate on Future Roles

Crypto
#News
3 mins read
2 years ago

Crypto market bloodbath – Why is everything falling apart?

AI
#News
2 mins read
2 years ago

ZenFund transforms finance with AI-powered platform

crypto
#News
2 mins read
2 years ago

CBHandLife expands global reach with new crypto options

Binance's Strategic Move: Weighing up Our New Headquarters
#News
2 mins read
2 years ago

Binance’s Strategic Move: Weighing up Our New Headquarters

Mezo Initiative: Enhancing Bitcoin Usability and Adoption
#Bitcoin
2 mins read
2 years ago

Mezo Initiative: Enhancing Bitcoin Usability and Adoption

Crypto.com's Strategic Expansion into Dubai: A landmark moment has been reached Crypto.com, the world's leading crypto exchange has just joined the list of companies that have secured full operational approval from the Dubai Virtual Assets Regulatory Authority (VARA). This grant gives a legal basis to the Crypto.com Dubai office, CRO DAX Middle East FZE, as the first exchange of crypto with fiat currency that is permitted to work legally in the United Arab Emirates (UAE). This, subsequently, echoes Crypto.com's compliance willingness to regulations as well showing Dubai's proactive approach toward cryptocurrency. Integrating conventional fiat with digital currency in the United Arab Emirates The gaining of a VARA credit is a proof for crypto.com of its solid adherence to pre-operational requirements which had to be met in order to receive the virtual liquidity service provider licence in November 2023. Institutional investors are now allowed to access Crypto.com's exchange services, including the ability to trade spot markets, stake tokens, and broker trades which involve high amounts of cryptocurrency. This development is expected to focus on serving institutional customers and informed retail investors in the UAE and flourishing more crypto-oriented ecosystem in the country. Emphasizing the importance of this achievement, Eric Anziani, President, and COO of Crypto.com, said, "Being the world’s first global crypto operator operational with fiat in the UAE, considering our close co-operation with the regulators, reflects our efforts of working toward the industry in the region responsibly." This sentiment, however, was echoed by Stuart Isted, as the GM of C Expanding global footprint Crypto.com's breakthrough into Dubai is one of the many ways that company has chosen to enhance its global footprints. Crypto.com - who established in Hong Kong in 2016 and operate currently from Singapore has demonstrated the intention to expand in more locations for the past year. Among strategic partnerships and initiatives of the company we can see collaboration with the largest private investment bank of Latin America having a goal to promote the price stability of BTG Dol stablecoin and the launch of its trading application in South Korea that demonstrates the aim to hold the position of the global leader in the area. Such development into Dubai is driven during the period when Europe is deliberating the Markets in Crypto-Assets Regulation (MiCA) which can bolster Crypto.com's increasingly rapid spread into Europe in addition. The legislative space for cryptocurrencies is rapidly changing and the proactive approach to compliance and a consistent engagement with regulating agencies helps Crypto.com to gain blockbuster profit in the international market. Navigating regulatory challenges The obstacles faced by Crypto.com on the way were rather hardnut. The platform has been a subject of regulation's censure, by a penalty assigned by the Dutch central bank for the illegal registration. Nevertheless, proving its resilience with the fine cancellation and acceptance of the registration of operating in The Netherlands, Crypto.com does not back down from regulatory compliance in that field. While Crypto.com, facing the complicated regulatory system, succeeding in Dubai, widening its presence, is a remarkable achievement that may be considered a breakthrough. Besides investing into Crypto.com's global presence, this conquest provides support for the ongoing digital assets industry development in the UAE and elsewhere. Conclusion The approval of Crypto.com to commence its operation in Dubai stands as a validation of the company's growth strategy, which is concurrently with the fact that regulated and relied upon digital currencies are getting more trust with the increasing use. This coin-to-coin exchange move would definitely be the first one to take place within the borders of the UAE as Crypto.com will continue with the fiat money in their business. Thus, the exchange will then set a thorough lead for industry of virtual assets. The role of CryptoTouch will be to highlight the paradox of the crypto businesses and regulatory authorities to bring about complementarity and efficiency of the cryptocurrency environment.
#Regulation
3 mins read
2 years ago

Crypto.com’s Strategic Expansion into Dubai: A landmark moment has been reached

HashKey Group's Leap into Ethereum Layer-2: A Fast Forwarding Action for Web3
#News
3 mins read
2 years ago

HashKey Group’s Leap into Ethereum Layer-2: A Fast Forwarding Action for Web3

This is going to sound weird, but Trump and crypto have something in common
#News
2 mins read
2 years ago

This is going to sound weird, but Trump and crypto have something in common

CertiK
#News
2 mins read
2 years ago

Telegram debunks Certik’s report on high-risk download vulnerability

Filecoin
#News
2 mins read
2 years ago

Filecoin liquid staking platform STFIL’s team members under investigation

Metaplanet
#Bitcoin
3 mins read
2 years ago

Japan Metaplanet joins the Bitcoin trend with a $6.5 million investment

South Korea
#News
2 mins read
2 years ago

Can South Korea’s April 10 elections be influenced by crypto?

Nintendo Exclusives
#News
3 mins read
2 years ago

PlayStation and Nintendo Exclusives Model Criticized as “Wrong” and “Broken” by Analyst

Solana
#News
2 mins read
2 years ago

Solana devs target April 15 to fix Solana’s transaction issues

IBG
#News
2 mins read
2 years ago

New Alliance in Web3 Gaming as Illuvium (IBG) partners with Samsung

Nvidia
#Tech
3 mins read
2 years ago

Google Cloud Announces Integration of Nvidia’s Next-Gen Blackwell Platform in 2025

Arkham
#News
3 mins read
2 years ago

Arkham responds to allegations of mismanagement of ARKM Token transfers

Dogecoin
#Dogecoin
1 mins read
2 years ago

DOGE price plummets after huge transfer to Robinhood

Air
#Tech
3 mins read
2 years ago

Air India Technicians Serve Strike Notice Amidst Pay and Promotion Grievances

US Treasury
#News
2 mins read
2 years ago

US Treasury seeks new powers to curb crypto misuse by nations

South Korea
#News
2 mins read
2 years ago

South Korea Invests $7 Billion in AI for Semiconductor Sector Leadership

Robotics
#News
3 mins read
2 years ago

Revolutionizing Robotics: Human-Machine Collaboration

Evil Empire
#Tech
3 mins read
2 years ago

Embracer Isn’t an “Evil Empire,” Says Saber Interactive CEO

Financial
#News
3 mins read
2 years ago

Financial Institutions Prepare for AI Adoption in Compliance Functions

JPMorgan
#Tech
2 mins read
2 years ago

JPMorgan to Retain its 2000 AI Professionals

Ripple
#Ripple
2 mins read
2 years ago

Ripple’s Metaco secures custody deal with BCB group

Diamonds
#Tech
2 mins read
2 years ago

Botswana Diamonds Integrates AI for Database Analysis

Robotics
#Tech
2 mins read
2 years ago

Revolutionizing South Africa’s Manufacturing with ML and Robotics

stablecoin
#News
2 mins read
2 years ago

Coinbase CLO Paul Grewal advocates for stablecoin regulation ahead of senate banking trial

Knowledge Collapse
#Tech
3 mins read
2 years ago

Research Highlights the Threat of Knowledge Collapse Due to AI’s Focus

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