Crypto.com Receives UAE Central Bank Payment License, Opening Door to Digital Payments Expansion

Crypto.com has been granted a preliminary approval for a Stored Value Facility (SVF) license by the UAE Central Bank, marking a significant step forward in its plans to expand digital payment services within the country. This move allows Crypto.com to facilitate regulated transactions using cryptocurrencies like CRO, BTC, and ETH within the UAE. The SVF license positions Crypto.com for further growth, potentially expanding its operations beyond existing markets. The development comes as the company strives to be a leading player in the rapidly evolving digital payments landscape in the region.