Crypto.com receives full approval from Dubai's VARA, becoming the first crypto exchange to operate with fiat currency in the UAE.

Crypto.com receives full operational approval from Dubai's Virtual Assets Regulatory Authority (VARA), enabling it to serve institutional investors in the UAE. This makes Crypto.com the first crypto exchange to operate with fiat currency in the country. The exchange plans to offer spot trading, over-the-counter (OTC) offerings, and staking brokerage, as well as launch additional retail-user focused products.