In a significant development for the cryptocurrency industry, Okto, the self-custodial wallet by CoinDCX, has been granted a license to operate in the United Arab Emirates (UAE). This license, issued under the RAK Digital Asset Regulation Authority (DA), solidifies Okto's position as a leading player in the virtual asset market. The RAK DA is a specialized economic free zone dedicated to the regulation and oversight of digital assets, making this license a highly coveted and prestigious achievement for Okto. The license further strengthens CoinDCX's commitment to providing a secure and trusted platform for the trading and storage of cryptocurrencies.