Followers of my previous post would have been aware that one of the reasons why im bullish on CRO token and crypto.com is because of their stable track record and regulatory adherence.

Earlier today, it was announced that crypto.com has deepened their competitive advantage in this area by obtaining a Virtual Assets Service Provider (VASP) Licence for specified virtual asset service activities by Dubai’s Virtual Assets Regulatory Authority (VARA). Following operational approval, the VASP Licence will allow Crypto.com to offer regulated virtual asset service activities, including exchange services, broker-dealer services, management and investment services, and lending and borrowing services. 

In other words, Crypto.com can soon offer their services in Dubai (pending operational approvals). This is bullish because Dubai is widely regarded as one of the biggest crypto hubs in the region. 

This can spell only good news for crypto.com and the CRO token as the team continues to build as we approach the 2024 bull market.