Swiss Bank Julius Baer Targets Dubai for Expansion of Crypto Wealth Services

Crypto News
Crypto News

29 Jun 2023 1:34 PM

The expansion marks the bank's first digital assets push outside Swiss borders....

  • Swiss private bank Julius Baer is expanding its crypto services in Dubai, considering it a key geography for digital assets.
  • The bank's subsidiary in Dubai, JBME, is expected to apply for a crypto license variation to offer custodial services on digital assets.
  • Julius Baer recently started offering Lombard lending to select crypto clients, allowing them to borrow against digital assets held by the bank.
  • Dubai has positioned itself as a global crypto hub in the Middle East, with strategic policies and a supportive regulatory environment.

The article highlights the expansion of Julius Baer's crypto services in Dubai, indicating a positive sentiment towards the growth of the crypto industry in the region.

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You May Ask

Which bank is expanding its crypto services in Dubai?What is the name of the bank's subsidiary licensed by the Dubai Financial Services Authority?What type of license is the bank expected to apply for in Dubai?What service does Julius Baer offer to select crypto clients?Why has Dubai positioned itself as a global crypto hub in the Middle East?

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