The United Arab Emirates National Bank, wholly owned by the Dubai government, provides cryptocurrency services through its sub-banks

United Arab Emirates NBD, wholly-owned by the Dubai government, launched the Liv X application through its digital banking subsidiary Liv to provide cryptocurrency trading services. The service relies on the infrastructure of Aquanow, a digital asset platform licensed by the Dubai Virtual Assets Authority (VARA), and is hosted by Zodia, which is backed by Standard Chartered. In recent years, Dubai has attracted approval from Binance, Cryptocom, OKX and other exchanges with its clear regulatory framework. (CoinDesk) 

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