Capital Vault obtains UAE virtual asset license, Capital.com will provide spot encryption services

According to Cointelegraph, Capital.com affiliated entity Capital Vault has been granted a virtual asset license by the UAE Capital Markets Authority (CMA) to conduct virtual asset trading and provide custody services. UAE clients can buy and hold cryptocurrency assets through the Capital.com app, with Capital Vault responsible for execution, custody, and settlement. Capital Vault has established an office and formed a local team in Abu Dhabi, following CMA's launch of the virtual asset regulatory framework in April.