Seeking Alpha
2022-09-09 19:47:57

Blockchain.com wins provisional regulatory approval to operate in Dubai - report

Blockchain.com, a London-based cryptocurrency exchange, has been granted preliminary regulatory approval to operate in Dubai, according to a Friday report by Reuters.The company signed a deal with Dubai's recently lunched crypto regulator Virtual Assets Regulatory Authority to open up an office in the region and start hiring an unidentified amount of staff, Reuters noted.The move comes as a series of high-profile crypto firms recently expanded into the Gulf, namely Sam Bankman Fried's FTX, OKX, Binance and Crypto.com.The United Arab Emirates' vision is to become a hub spot for the emerging blockchain space. Earlier this year, it planned to issued national crypto licensing.Blockchain.com did not immediately respond to a request for comment by Seeking Alpha.Previously, (July 21) Blockchain.com said to slash 25% of headcount.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.