Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result

Home » Crypto.com and Standard Chartered’s $162 Million Fiat Service Launch

Crypto.com and Standard Chartered’s $162 Million Fiat Service Launch

Hania by Hania
August 29, 2024
in Crypto Exchanges
Reading Time: 3 mins read
A A
0
Crypto.com and Standard Chartered’s $162 Million Fiat Service Launch
Share on FacebookShare on Twitter
ADVERTISEMENT

In a significant move for the cryptocurrency industry, Singapore-based exchange Crypto.com has entered into a strategic partnership with Standard Chartered Bank to launch new fiat currency services. This collaboration, starting in the United Arab Emirates (UAE), is set to expand Crypto.com’s reach, offering customers the ability to deposit and withdraw funds in U.S. dollars, euros, and UAE dirhams across more than 90 countries.

Expanding Fiat Access for Crypto Users Worldwide

Crypto.com’s latest partnership with Standard Chartered Bank marks a major milestone in the platform’s quest to make cryptocurrency more accessible to the global population. The integration of fiat currency services into the Crypto.com app means that users in over 90 countries will now have the ability to seamlessly convert their digital assets into traditional currencies like USD, EUR, and AED. This initiative is designed to enhance the ease of transacting in cryptocurrencies, thereby driving wider adoption across the globe.

Karl Mohan, Global Head of Banking Partnerships and General Manager of MEA and APAC at Crypto.com, emphasized the mutual benefits of the partnership. “This collaboration with Standard Chartered Bank is a significant win for both parties,” he said. “By associating with a globally recognized and trusted financial institution, we’re able to instil greater confidence in our customers, making cryptocurrency transactions smoother and more reliable.”

Crypto.com and Standard Chartered’s $162 Million Fiat Service Launch

You May AlsoLike

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

February 28, 2025
Bitget Introduces BitEXC

Bitget Introduces BitEXC: A Customized Crypto Platform for Vietnam

December 3, 2024

A Strategic Rollout with UAE at the Forefront

The new fiat services will initially be available to users in the UAE, a region that has been at the forefront of cryptocurrency regulation and innovation. Supported by Dubai’s Virtual Assets Regulatory Authority (VARA), Crypto.com’s expansion in the UAE is poised to leverage the country’s stringent regulatory framework, which is known for its robust consumer protection measures.

As part of this expansion, Crypto.com’s President and COO, Eric Anziani, highlighted the significance of the partnership. “This is a huge milestone for us,” he said. “Offering our global customers the ability to deposit and withdraw fiat currencies with ease is key to increasing crypto adoption. Our vision of putting crypto in every wallet is now more achievable than ever.”

Dubai as a Regulatory Hub for Crypto Expansion

Dubai’s reputation as a hub for cryptocurrency regulation plays a crucial role in Crypto.com’s strategic expansion. The region’s VARA framework has set high standards for consumer protection, making it a prime location for launching new services. In 2023, the UAE introduced federal laws that mandate entities involved in crypto activities to secure licenses and approvals from regulators, ensuring that the industry operates within a well-defined legal framework.

Crypto.com’s decision to base its regional operations in Dubai underscores the importance of this regulatory environment. The firm’s new services will not only cater to the needs of the local market but also set a precedent for global expansion under a robust regulatory framework.

Crypto.com’s UEFA Champions League Partnership: A Game-Changer

On August 14, Crypto.com further solidified its position as a leading player in the cryptocurrency space by becoming the first crypto platform to partner exclusively with the UEFA Champions League. This partnership, which positions Crypto.com as an official global sponsor, provides the exchange with a unique opportunity to engage with millions of sports fans worldwide.Read more: Crypto.com Signs Groundbreaking Partnership with UEFA Champions League

The implications of this partnership go beyond mere sponsorship. It represents a significant step in raising crypto awareness among mainstream audiences, potentially accelerating the adoption of digital assets on a global scale.

Tags: crypto exchangecrypto news
Share76Tweet48
ADVERTISEMENT
Previous Post

Bitcoin Runes Dominates NFT Space with 15.6M Transactions and $162.4M in Fees

Next Post

Elon Musk Wins Dogecoin Lawsuit Dismissal: Legal Victory Sparks Market Interest

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement
Crypto Exchanges

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

February 28, 2025
Bitget Introduces BitEXC
Crypto Exchanges

Bitget Introduces BitEXC: A Customized Crypto Platform for Vietnam

December 3, 2024
Coinbase high listing fee
Crypto Exchanges

Coinbase Face Scrutiny Over High Listing Costs, Sparking Shift Towards Decentralized Platforms

November 5, 2024
Bitfinex to Receive 120K BTC for 2016 Hack
Crypto Exchanges

Bitfinex to Receive 120K BTC for 2016 Hack: A Major Recovery Update

October 9, 2024
Crypto.com Takes Legal Action Against SEC Following Wells Notice
Crypto Exchanges

Crypto.com Takes Legal Action Against SEC Following Wells Notice

October 8, 2024
Coinbase Clears Up Confusion Over Kamala Harris’ Crypto Donations
Crypto Exchanges

Coinbase Clears Up Confusion Over Kamala Harris’ Crypto Donations

September 10, 2024
Next Post
Elon Musk Wins Dogecoin Lawsuit Dismissal: Legal Victory Sparks Market Interest

Elon Musk Wins Dogecoin Lawsuit Dismissal: Legal Victory Sparks Market Interest

Discussion about this post

Live Prices

You have not selected any currency to display

Stay Connected

You May Also Like

  • Bitcoin Halving Update: Bitwise CEO's $100k Price Projection Sparks Excitement

    Why the Bitcoin Halving Is Happening Sooner Than Anticipated

    239 shares
    Share 96 Tweet 60
  • MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    197 shares
    Share 79 Tweet 49
  • March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

    196 shares
    Share 78 Tweet 49
  • OKB Price Prediction 2023 – 2030: Will OKB reach $200?

    201 shares
    Share 80 Tweet 50
  • Litecoin (LTC) Price Prediction For 2023,2024, 2025 And 2030

    202 shares
    Share 81 Tweet 51
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2024 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2024 CryptoMufasa - All Rights Reserved!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Don’t Miss Out on the Best in Crypto!

Stay ahead with a weekly digest of the top news and insights—no spam, no ads, just the essential updates delivered straight to your inbox. Subscribe now for valuable content you can trust!

johnsmith@example.com
subscribe to email

Never see this message again.