B2Prime Group, a well-established liquidity provider, reports that B2B Prime Digital MENA has obtained an “Initial Approval” for licensing from the Dubai Virtual Assets Regulatory Authority (VARA).
It’s worth noting that the licensing process is subject to fulfilling pre-operational prerequisites and securing operational approval from VARA. This important achievement represents VARA’s initial approval for licenses covering “Virtual Asset Exchange Services,” “Virtual Asset Broker Dealer Services,” and “Virtual Asset Transfer and Settlement Services.”
What is a VARA Crypto Licence?
The crypto trading landscape is tightly regulated in the UAE, considering the massive importance of Dubai as a global stage for financial technology and businesses. The Virtual Assets Regulatory Authority (VARA) is tasked with overseeing financial services and putting the right frameworks in place that promote and ensure market integrity. Read more…
