Foris DAX Middle East FZ-LLC (trading as Crypto.com) has received In-Principle Approval (IPA) from the Central Bank of the United Arab Emirates (CBUAE) for a Stored Value Facilities (SVF) license. This makes it the first Virtual Asset Service Provider (VASP) in the UAE to achieve this recognition. Once the final license is granted, the company will be able to process Dubai Government fee payments directly in UAE dirhams or dirham-pegged stablecoins. Users will pay using their preferred digital assets, whi ...