{"id":95302,"date":"2024-08-30T00:00:00","date_gmt":"2024-08-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/crypto-investors-can-soon-withdraw-and-deposit-aed-usd-and-eur-on-crypto-com\/"},"modified":"2024-08-30T00:00:00","modified_gmt":"2024-08-30T00:00:00","slug":"crypto-investors-can-soon-withdraw-and-deposit-aed-usd-and-eur-on-crypto-com","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/30\/crypto-investors-can-soon-withdraw-and-deposit-aed-usd-and-eur-on-crypto-com\/","title":{"rendered":"Crypto investors can soon withdraw and deposit AED, USD, and EUR on Crypto.com"},"content":{"rendered":"

Crypto.com to offer fiat services from Dubai: <\/strong>Cryptocurrency exchange Crypto.com<\/a> will allow clients to withdraw and deposit AED, USD, and EUR onto its platform in partnership with Standard Chartered<\/a> from their regional hub in Dubai starting next month, it said in a statement<\/a>. The services will be offered to UAE retail investors first, then progressively expanded across 90 countries, it added. <\/p>\n

Crypto.com is the first exchange to offer fiat services globally in the three currencies<\/strong>, the statement said. The offering will allow investors to buy, sell and trade more than 250 cryptocurrencies.<\/p>\n

What will Standard Chartered do? <\/strong>The bank will provide Crypto.com with the banking and payment processing infrastructure to process transactions on the platform, the statement said. <\/p>\n

Background:<\/strong> Crypto.com became one of the first crypto platforms to receive full operational approval<\/a> from Dubai\u2019s Virtual Assets Regulatory Authority (VARA) in April.<\/p>\n

REMEMBER-<\/strong> The Dubai Financial Services Authority recently eased<\/a> regulations around unrecognized crypto tokens and stablecoins, while the Central Bank of the UAE\u2019s board greenlit the introduction of a licensing and regulatory system for stable cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Standard Chartered will offer Crypto.com banking and payment services<\/p>\n","protected":false},"author":1,"featured_media":95303,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1558],"tags":[107,1535,7,945,1012],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-crypto","tag-crypto-com","tag-enterpriseam-uae","tag-standard-chartered","tag-virtual-assets-regulatory-authority","wpautop","entry"],"acf":{"mongo_id":"5cb68573-437e-4be2-b92d-fc5213c4b85f","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1854.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Crypto investors can soon withdraw and deposit AED, USD, and EUR on Crypto.com","related_issue":[95292],"teaser":"Standard Chartered will offer Crypto.com banking and payment services","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.7c630c9b-72c6-4aae-9508-c9c614f7ae25.mp3"},"yoast_head":"\nCrypto investors can soon withdraw and deposit AED, USD, and EUR on Crypto.com - 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