The Dubai regulator (VARA) has allowed the CryptoCom crypto exchange to officially provide cryptocurrency services in the emirate.
To have legal status, the exchange needs to fulfill several requirements. Otherwise, the platform has passed all the necessary checks and proved its compliance with the requirements of the UAE regulators.
Dubai is a market of great importance. Therefore, CryptoCom CEO Chris Marsalek is sure that working in the UAE is of great importance for the platform.
The Emirates authorities have a positive stance towards cryptocurrencies and blockchain. According to Thani Al Zeyoudi, who is the head of the Ministry of Foreign Trade, support for the cryptocurrency sector allows attracting new companies to the emirates and establishing business development.
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