Dubai Government-Owned Bank Emirates NBD Activates Digital Currency Trading Services
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- Emirates’ NBD has launched crypto trading services in Dubai.
- The bank partnered with Aquanow to provide trading access on its Liv subsidiary platform.
- Dubai is renowned for its efforts in promoting crypto adoption.
Emirates NBD, a Dubai government-owned bank, has activated digital currency trading services through its subsidiary platform, Liv. According to reports, Liv has started allowing customers to buy and sell digital currencies via its new app, Liv X.
This move by Emirates NBD highlights Dubai’s progress in the region’s move to establish itself as a leader in the crypto industry. The city has been leading the way in making clear rules and allowing crypto service providers to get licenses to operate.
Dubai’s Crypto-Friendly Regulations Attract Major Players
Top crypto exchanges like Binance, Crypto.com, and OKX have gained licenses to operate in the region following Dubai’s friendly laws. Emirates NBD is partnering with Aquanow, a digital assets platform licensed by Dubai’s Virtual Assets Regulatory Authority (VARA). The bank will use the latter’s infrastructure while adopting Standard Chartered-backed Zodia for custodial purposes.
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The post Dubai Government-Owned Bank Emirates NBD Activates Digital Currency Trading Services appeared first on Coin Edition.
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