Foresight News reports that cryptocurrency exchange Crypto.com has signed a memorandum of understanding with the UAE Islamic Bank to continue expanding its market influence in the UAE and the broader Gulf region. Crypto.com UAE President Mohammed Al Hakim stated, "This cooperation bridges the gap between the fields of cryptocurrency and Islamic banking, paving the way for future collaboration on tokenized Islamic bonds and Sharia-compliant crypto solutions." Previously, Crypto.com acquired the regulated Orion Principals Limited and launched the AED wallet to provide local currency services for UAE users.