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Crypto.com receives UAE license for Dubai government crypto payments
Crypto.com has received a Stored Value Facilities license from the Central Bank of the United Arab Emirates, allowing residents to pay Dubai government fees using cryptocurrencies via its platform, the company said Monday. The company says the license allows users to fund payments in digital assets while settlements are made in UAE dirhams or in dirham-backed stablecoins approved by the central bank under the SVF framework. Mohammed Al Hakim, president and general manager for the UAE at Crypto.com, told Cointelegraph that the approval followed a comprehensive supervisory and operational readiness assessment by the ... (full story)
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