{"id":560613,"date":"2023-11-14T18:00:00","date_gmt":"2023-11-14T18:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=560613"},"modified":"2024-06-11T14:31:12","modified_gmt":"2024-06-11T14:31:12","slug":"crypto-com-acquires-license-in-dubai-as-cronos-cro-price-slips","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-com-acquires-license-in-dubai-as-cronos-cro-price-slips\/","title":{"rendered":"Crypto.com Acquires License In Dubai As Cronos (CRO) Price Slips"},"content":{"rendered":"

Crypto.com<\/span><\/a> achieves another milestone with its recently acquired license from Dubai’s regulatory authority to offer services in the country by Dubai’s arm CRO DAX Middle East FZE.<\/span><\/p>\n

Significance of Crypto.com Recent License<\/span><\/h2>\n

According to the <\/span>announcement<\/span><\/a>, Crypto.com Dubai acquired the coveted Virtual Assets Service Provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA). This marks a major step for the firm as it aims to extend its services worldwide.<\/span><\/p>\n

The recently acquired VASP license will enable the firm to satisfy selected conditions and localization requirements outlined by VARA completely. In addition, it will allow the firm to launch operations upon receiving operational approval notice from the regulatory body.<\/span><\/p>\n

Related Reading: Crypto.com Granted VASP Registration By Spain\u2019s Central Bank<\/a><\/div>\n

Furthermore, it will enable the firm to offer regulated virtual asset service activities in the country. These include exchange services, broker-dealer services, management and investment services, and lending and borrowing services. <\/span>These services are accessible to retail and institutional users through the <\/span>Crypto.com Exchange<\/span><\/a> and Crypto.com App.<\/span><\/p>\n

The announcement also saw the company highlighting <\/span>Dubai as its regional hub<\/span><\/a> for the Middle East and Africa. According to Crypto.com CEO Kris Marszalek, Dubai is one of the top markets for creating effective regulation for the crypto space.<\/span><\/p>\n

\u00a0<\/span>\u201cDubai continues to show it is a leading market when designing effective regulation for the crypto space while still supporting adoption and innovation,” the CEO stated.<\/span><\/p>\n

Since VARA released its specialized regulations for virtual assets in February 2023, Crypto.com has been working to be among the first virtual asset exchanges to operationalize its VASP Licence. Finally, the firm’s aim has been realized.<\/span><\/p>\n

\u201cIt is an incredible honor to be one of the first crypto exchanges to be granted a Virtual Asset Service Provider Licence by VARA,\u201d Kris stated.<\/span><\/p>\n

The VASP license is one of the notable licenses acquired by the company this year. Crypto.com also acquired an MVP Preparatory Licence from the Dubai regulatory authority in March<\/span>.<\/span><\/p>\n

Latest License Might Propel Cronos (CRO) Price<\/span><\/h2>\n

Over the past weeks, <\/span>Cronos (CRO)<\/span><\/a> has been considered one of the best-performing coins. CRO experienced an impressive <\/span>57% price surge within the seven-day timeframe<\/span><\/a> reaching the $0.1 mark.<\/span><\/p>\n

The token outclassed major cryptocurrencies in the top 100 ranking over the weekend. However, the crypto asset seems to have lost momentum, falling from $0.1 to $0.088. According to CoinMarketCap, CRO has decreased by over 5% in the past 24 hours.<\/span><\/p>\n

Related Reading: Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cronos (CRO) \u2013 The Best Cheap Cryptos to Buy Now<\/a><\/p>\n

So far, Crypto.com’s recent milestones have not had any current impact on CRO. Nonetheless, as the native token of Crypto.com, the license could spark larger adoption for CRO, which might help CRO regain its momentum.\u00a0<\/span><\/p>\n

\"Cronos
CRO trading at $0.088 | Source: CROUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from AltcoinsBOX, chart by Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto.com achieves another milestone with its recently acquired license from Dubai’s regulatory authority to offer services in the country by Dubai’s arm CRO DAX Middle East FZE. Significance of Crypto.com Recent License According to the announcement, Crypto.com Dubai acquired the coveted Virtual Assets Service Provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA). This marks a major step for the firm as it aims to extend its services worldwide. The recently acquired VASP license will enable the firm to satisfy selected conditions and localization requirements outlined by VARA completely. In addition, it will allow the firm to launch operations upon receiving operational approval notice from the regulatory body. Related Reading: Crypto.com Granted VASP Registration By Spain\u2019s Central Bank Furthermore, it will enable the firm to offer regulated virtual asset service activities in the country. These include exchange services, broker-dealer services, management and investment services, and lending and borrowing services. These services are accessible to retail and institutional users through the Crypto.com Exchange and Crypto.com App. The announcement also saw the company highlighting Dubai as its regional hub for the Middle East and Africa. According to Crypto.com CEO Kris Marszalek, Dubai is one of the top markets for creating effective regulation for the crypto space. \u00a0\u201cDubai continues to show it is a leading market when designing effective regulation for the crypto space while still supporting adoption and innovation,” the CEO stated. Since VARA released its specialized regulations for virtual assets in February 2023, Crypto.com has been working to be among the first virtual asset exchanges to operationalize its VASP Licence. Finally, the firm’s aim has been realized. \u201cIt is an incredible honor to be one of the first crypto exchanges to be granted a Virtual Asset Service Provider Licence by VARA,\u201d Kris stated. The VASP license is one of the notable licenses acquired by the company this year. Crypto.com also acquired an MVP Preparatory Licence from the Dubai regulatory authority in March. Latest License Might Propel Cronos (CRO) Price Over the past weeks, Cronos (CRO) has been considered one of the best-performing coins. CRO experienced an impressive 57% price surge within the seven-day timeframe reaching the $0.1 mark. The token outclassed major cryptocurrencies in the top 100 ranking over the weekend. However, the crypto asset seems to have lost momentum, falling from $0.1 to $0.088. According to CoinMarketCap, CRO has decreased by over 5% in the past 24 hours. Related Reading: Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cronos (CRO) \u2013 The Best Cheap Cryptos to Buy Now So far, Crypto.com’s recent milestones have not had any current impact on CRO. Nonetheless, as the native token of Crypto.com, the license could spark larger adoption for CRO, which might help CRO regain its momentum.\u00a0 Featured image from AltcoinsBOX, chart by Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":560619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[17273,85881,86494,15431,89992,89993,89995,89996,88082,89994],"class_list":["post-560613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cro","tag-cronos","tag-crousdt","tag-crypto-com","tag-crypto-com-app","tag-crypto-com-exchange","tag-dax","tag-mvp","tag-vara","tag-vasp"],"acf":[],"yoast_head":"\nCrypto.com Acquires License In Dubai As Cronos (CRO) Price Slips<\/title>\n<meta name=\"description\" content=\"Crypto.com achieves yet another milestone 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto.com Acquires License In Dubai As Cronos (CRO) Price Slips","url":"http:\/\/wncen.com\/news\/crypto-com-acquires-license-in-dubai-as-cronos-cro-price-slips\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-com-acquires-license-in-dubai-as-cronos-cro-price-slips\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/crypto.com-wallet-logo-from-AltcoinsBOX.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/crypto.com-wallet-logo-from-AltcoinsBOX.png?fit=2500%2C2500"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["cro","cronos","crousdt","crypto.com","crypto.com app","crypto.com exchange","dax","mvp","vara","vasp"],"dateCreated":"2023-11-14T18:00:00Z","datePublished":"2023-11-14T18:00:00Z","dateModified":"2024-06-11T14:31:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto.com Acquires License In Dubai As Cronos (CRO) Price Slips\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-com-acquires-license-in-dubai-as-cronos-cro-price-slips\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-com-acquires-license-in-dubai-as-cronos-cro-price-slips\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/crypto.com-wallet-logo-from-AltcoinsBOX.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/crypto.com-wallet-logo-from-AltcoinsBOX.png?fit=2500%2C2500\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"cro\",\"cronos\",\"crousdt\",\"crypto.com\",\"crypto.com app\",\"crypto.com exchange\",\"dax\",\"mvp\",\"vara\",\"vasp\"],\"dateCreated\":\"2023-11-14T18:00:00Z\",\"datePublished\":\"2023-11-14T18:00:00Z\",\"dateModified\":\"2024-06-11T14:31:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/crypto.com-wallet-logo-from-AltcoinsBOX.png?fit=2500%2C2500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/560613"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=560613"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/560613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/560619"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=560613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=560613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=560613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}