Emirates NBD, the Bank owned by the Dubai government, is starting to offer an exchange of crypto through its LIV digital banking subsidiary.
LIV allows customers to buy and sell cryptocurrencies in its new Liv X application, according to an announcement sent by email on Thursday.
Dubai has established itself as a Crypto center for several years, offering reasonably clear rules for companies to get licenses. This has experienced major exchanges such as Binance, Crypto.com and OKX wins approvals.
In this backdrop, the own Dubai government bank made the decision to offer an exchange of crypto.
LIV offers its cryptography service using infrastructure operated by Aquanow, a digital asset platform authorized by the Dubai virtual asset regulatory authority (VARA).
Zodia to Charter Standard provides childcare services for the new LIV offer.
Read more: Dubai approves the stablescoins of Circle USDC and Eurc for use in DIFC
