Crypto.com Secures UAE Central Bank License for Regulated Crypto Payments

Crypto.com, a global cryptocurrency platform, has obtained a Stored Value Facility license from the Central Bank of the United Arab Emirates (UAE). This regulatory approval permits the company to operate as a regulated stored value facility provider in the UAE.

The SVF license allows Crypto.com to offer services that enable users to store funds in a digital wallet and make payments for public service fees, such as utilities and government services. The service is expected to comply fully with UAE anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.

This development marks a significant step in Crypto.com's expansion strategy in the Middle East. By obtaining a local license, the company positions itself as a compliant and trustworthy partner for both users and regulators in the region.