Crypto.com has obtained in-principle approval for a Stored Value Facilities (SVF) license from the UAE Central Bank, marking a significant regulatory milestone for cryptocurrency exchanges in the United Arab Emirates. This approval allows Crypto.com to offer regulated payment services in dirhams and dirham-pegged stablecoins, enhancing the utility of digital assets in the region. The license aligns with the UAE's ambitions to advance its digital financial ecosystem, requiring Crypto.com to adhere to auditing and anti-money laundering (AML) standards during its one-year provisional validity. This development underscores the growing integration of digital currencies within the UAE's financial framework.