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Users of Crypto.com will soon have the ability to conduct transactions in U.S. dollars, euros, and dirhams, thanks to the exchange’s collaboration with Standard Chartered, which aims to enhance the link between the conventional financial system and the cryptocurrency market.
Officials from Crypto.com have revealed plans to introduce services for retail users across more than 90 countries, which will enable deposits and withdrawals in U.S. dollars, euros, and dirhams. These services will be facilitated through the exchange’s regional hub in Dubai, made possible by the partnership with Standard Chartered.
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The introduction of these new services is supported by Dubai’s progressive regulatory framework. According to the press release, the oversight from Dubai’s Virtual Assets Regulatory Authority (VARA), along with Standard Chartered’s involvement, will ensure a secure environment for users and foster the development of the digital asset sector.
Customers in the UAE will be the first to utilize these new services, expected to launch in September. Crypto.com intends to gradually extend these offerings to retail clients globally, enabling them to trade over 250 cryptocurrencies using fiat currency.
In 2023, Dubai’s Virtual Assets Regulatory Authority (VARA) implemented a framework of regulations for virtual asset service providers (VASP) operating within the emirate, excluding firms registered in the free economic zone Dubai International Financial Center (DIFC), which are governed by separate regulations.
Сообщение Connection Between Traditional Financial System and Crypto Market Strengthens появились сначала на CoinsPaid Media.
