Julius Baer Eyes Expansion to Dubai for Crypto Services: Bloomberg
The expansion would be the private bank's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.
Swiss private bank Julius Baer (BAER) is expanding its crypto services to Dubai, .
The Zurich-based bank will apply for a " digital assets license variation" to supplement its existing regulatory permissions in the emirate.
An expansion would be Julius Baer's first for its crypto offering beyond its native Switzerland, where it has .
Dubai has attracted several major crypto firms during the past year, including exchanges and . The establishment of its Virtual Asset Regulatory Authority (VARA) has helped make the jurisdiction an attractive alternative to countries like the U.S., .
Julius Baer did not immediately respond to CoinDesk's request for comment.
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Edited by Sheldon Reback.
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