- The agreement underlines the UAE’s ongoing efforts to establish itself as a worldwide center for digital finance.
- The partnership seeks to promote the responsible adoption of digital assets.
A Memorandum of Understanding (MoU) between Crypto.com and Changer.ae, a virtual asset service provider governed by Abu Dhabi Global Market (ADGM), aims to increase access to regulated digital asset services in the UAE.
With a comprehensive legislative framework governing virtual assets, custody, and digital asset infrastructure, the agreement underlines the UAE’s ongoing efforts to establish itself as a worldwide center for digital finance.
The companies will investigate initiatives, such as integrating Crypto.com’s institutional solutions to facilitate and support liquidity for Changer’s cryptocurrency-fiat conversion services, as well as other regulated digital-asset custody and related use cases, provided they receive the necessary regulatory approvals.
The partnership seeks to promote the responsible adoption of digital assets by fusing Changer’s FSRA-licensed and ADGM-authorized platform, local market knowledge, and Crypto.com’s worldwide infrastructure and regulatory skills.
One of the most well-known virtual asset jurisdictions in the region is Abu Dhabi Global Market, which provides a thorough framework with an emphasis on institutional-grade standards, market integrity, and consumer protection.
Founded in 2016, Crypto.com is the industry leader in security, privacy, and regulatory compliance, with millions of users worldwide. It has a straightforward vision: Cryptocurrency in Every Wallet™. Crypto.com is dedicated to using innovation to hasten the adoption of cryptocurrencies.
The Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) has granted Changer.ae a license as a regulated virtual asset service provider. Changer, which has its headquarters in ADGM, Abu Dhabi, provides safe and legal digital asset services to people, companies, and institutions in the United Arab Emirates. Visit https://changer.ae to find out more.
Source: https://thenewscrypto.com/crypto-com-and-changer-ae-sign-mou-to-expand-regulated-digital-asset-services-in-uae/
