Blockchain wallet and cryptocurrency exchange platform Blockchain.com received the approval of the Dubai regulatory Authority Virtual Assets Regulatory Authority (VARA) for the provision of crypto services in the emirate.
According to a Reuters report, VARA signed an agreement that will allow Blockchain.com open an office in Dubai. Currently, the crypto firm has several offices in North America, Europe, South America and Singapore.
VARA has already granted permission to subsidiaries Crypto.com , OKX and FTX, and they can offer crypto services in the emirate.
One of the oldest companies dealing with infrastructure in the Bitcoin network, headquartered in London, Blockchain.com It also plans to get regulatory approval in Italy, France, Spain and the Netherlands. In August, the Cayman Islands Monetary Authority officially authorized Blockchain.com to provide custodial and trading services in the region.