Crypto.com receives UAE license for Dubai government crypto payments

AI Impact AnalysisGrok analyzing...

📄Full Article· Automatically extracted by trafilatura1654 words

Crypto.com secures SVF license. Source: Crypto.com The SVF authorization applies to its local Dubai entity, Foris DAX Middle East FZE, which trades as Crypto.com. Subject to further sign-offs from the central bank, the company said the license will also allow it to start crypto-funded payment integrations with Emirates Airlines and Dubai Duty Free, extending the same digital asset-to-dirham settlement model into commercial payments. Cointelegraph reached out to Crypto.com and the Central Bank of the UAE for comment, but had not received a response by publication. Related: Crypto.com gets into prediction markets through High Roller tie-up The new authorization adds another layer to Crypto.com’s regulatory footprint in the UAE, where it already holds a Virtual Asset Service Provider license from VARA and promotes its platform as an institutional-grade, compliance-focused venue for digital assets. Outside the UAE, the company has been building a similar regulated profile, including securing licensing to operate under the European Union’s Markets in Crypto Assets (MiCA) regime and obtaining conditional approval from the United States Office of the Comptroller of the Currency for a national trust bank charter that would allow it to act as a qualified digital asset custodian. At the same time, Crypto.com is expanding into event-based derivatives and prediction markets through a regulated US affiliate, part of a broader strategy to combine tighter regulatory oversight with a growing range of trading and payments products around cryptocurrencies. Magazine: Guide to the top and emerging global crypto hubs — Mid-2026 More on the subject

Data Status✓ Full text extractedRead Original (CoinTelegraph)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-12

Crypto.com Lands UAE License, Opening Crypto Payments for Dubai Government Fees

2026-05-21

Crypto Exchange Kraken Secures VARA License to Launch in Dubai

Similarity 180%關鍵字 crypto/dubai/license

2026-05-25

IHC Executes $30M DDSC Stablecoin Trade as UAE Digital Payments Enter New Phase

Similarity 130%關鍵字 payments/uae

2026-05-23

Kraken Secures VARA Approval to Launch Crypto Trading and Staking in UAE