Connect with us

Hi, what are you looking for?

BUSINESS

Dubai crypto regulator licenses MVP broker-dealer.

On Monday, Dubai’s crypto authority granted BitOasis the first broker-dealer minimum viable product operating license.

As the UAE strives to become a global virtual asset hub, Dubai’s Virtual Asset Regulatory Authority (VARA) was established in March 2022 to regulate the sector.

VARA licenses enterprises gradually. BitOasis is the first broker-dealer to complete the MVP stage. VARA’s website states that no FMP business has been licensed.

BitOasis announced it may now offer broker-dealer services to eligible retail and institutional investors from its Dubai headquarters under VARA’s regulatory environment.

“The VARA ecosystem aims to strike a balance between value creation, risk mitigation, and enhanced investment opportunities with consumer protection at its core,” stated VARA CEO Henson Orser.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.
SUBSCRIBE

You May Also Like

Gadgets

Every year, new gadgets are brought to the market as technology advances. The debut of some of the most cutting-edge and intriguing gadgets ever...

TECH

Get ready to embrace the future with open arms - the top 10 tech trends of 2023 are about to revolutionize the world!"  ...

AI

Are you ready to enter a world of limitless possibilities? Artificial Intelligence is here, and it's changing the game. From improved healthcare to increased...

TECH

What distinguishes open-source software from proprietary software? See the pros and cons of this tech favorite. Pros: Open-source software is usually free or low-cost...