Swiss private bank Julius Baer (BAER) is expanding its crypto services to Dubai, Bloomberg reported on Wednesday.
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 provided digital asset services since the start of 2020.
Julius Baer did not immediately respond to CoinDesk's request for comment.
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