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Dubai

Crypto Lender Nexo Secures First Regulatory Victory in Dubai

Receiving a full license involves three stages: an initial provisional permit, a preparatory license, and an operating license. Nexo’s regional entity, Nexo DTC, is seeking to win full approval for Lending & Borrowing, Management & Investment, and Broker-Dealer activities. Source link

OKX secures VASP license from Dubai’s VARA

The VASP license remains non-operational until OKX fulfills specific conditions. However, once granted, it will allow OKX to offer virtual assets exchange services to institutional and qualified retail customers. Crypto exchange OKX has announced that its subsidiary, OKX Middle East Fintech FZE, has received the Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets […]