Rain Crypto Exchange Secures License for Virtual Asset Brokerage and Custody in UAE

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Rain Crypto Exchange Secures License for Virtual Asset Brokerage and Custody in UAE

Rain, a Middle East-based crypto exchange partly backed by Coinbase, has secured a license to operate in the United Arab Emirates (UAE), the firm announced on Tuesday.
The granting of the license means that Rain now can call itself a regulated crypto exchange in the UAE, making it easier for local UAE residents and financial institutions to trade between the UAE dirham (AED) fiat currency and cryptocurrencies….
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