December 24, 2024

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UAE Bank Launches VASP-Focused Accounts for Managing User Funds

1 min read
UAE Bank Launches VASP-Focused Accounts for Managing User Funds
UAE Bank Launches VASP-Focused Accounts for Managing User FundsCommercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP Accounts Align With Bank’s Vision Commercial Bank of […]