Dubai Commercial Bank in the United Arab Emirates has launched a dedicated account for virtual asset service providers
2024-08-02 01:23:31
The United Arab Emirates (UAE) Commercial Bank of Dubai (CBD) has launched a Virtual Asset Service Provider (VASP) dedicated account to manage client funds and meet regulatory prudential requirements. CBD launched the dedicated account to comply with the regulations of the UAE Central Bank and the Dubai Virtual Asset Regulatory Authority (VARA). Chief Executive Officer Bernd van Linder said the move is in line with Commercial Bank of Dubai's core banking services and supports the bank's plans to promote the development of the digital economy.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
阿联酋迪拜商业银行推出虚拟资产服务提供商专用账户Next article：
福布斯记者：哈里斯竞选团队与加密行业领袖将于下周一共同参加在华盛顿的会议
