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Capital.com is preparing to launch spot cryptocurrency trading in the United Arab Emirates.
Cointelegraph reported on August 21 that Capital Vault, an affiliate of Capital.com, obtained a virtual-asset license from the UAE Capital Market Authority. The license allows Capital Vault to handle virtual assets as an agent or matched principal and to custody client assets.
Once the service launches, UAE clients will be able to buy and hold actual cryptocurrencies through the Capital.com app. Capital Vault will oversee order execution, custody and settlement. That differs from the platform’s existing…
