Singapore-based cryptocom is now just one step away from winning a license to operate in Dubai only weeks after the most populated of the seven emirates of the UAE came up with a new licensing regime. By amitoj.
The MVP license involves a three-stage process of a provisional permit, a preparatory license and an operating license.will be able to extend its approved suite of duly regulated virtual assets activities spanning a range of crypto exchange services , brokerage, margin/leverage trading, and OTC offerings around settlements for institutional investors," the announcement said.
Dubai recently unveiled its crypto regulatory framework which requires all crypto-related entities to seek relevant authorization and licenses, accompanied by four compulsory rulebooks for service providers and seven activity-based rulebooks.
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