B2Prime Group, a number one liquidity supplier, is proud to announce that B2B Prime Digital MENA has been granted an “Preliminary Approval” for licensing from the Dubai Digital Belongings Regulatory Authority (VARA). Licensing stays topic to fulfilment of pre-operating situations and qualifying for operational approval by VARA.
This milestone signifies the granting of Preliminary approvals from VARA for licenses overlaying actions of “Digital Asset Trade Providers,” “Digital Asset Dealer Vendor Providers,” and “Digital Asset Switch and Settlement Providers”.
What Does VARA’s Preliminary Approval Imply?
It is a necessary milestone in our pursuit of a whole Digital Asset Service Supplier (VASP) License and can permit us to maneuver ahead within the licensing course of as we glance to supply complete Trade, Dealer Vendor and Switch and Settlement digital asset providers and associated actions within the area sooner or later.
Mrs Eugenia Mykuliak, Founding father of B2Prime, expressed her gratitude for this achievement, stating, “We’re excited to contribute to the expansion of Dubai’s ever rising Digital belongings ecosystem.”
Setting the Stage for Complete Digital Asset Providers
This preliminary approval permits B2B Prime Digital MENA to maneuver ahead within the licensing course of earlier than finally providing digital asset providers underneath the VASP License for Switch & Settlement, Dealer-Vendor and Trade which, in fact, stays topic to operational approval by VARA.
“We’re extraordinarily proud and grateful to have acquired preliminary approval from VARA, which is a testomony to our willpower to take care of the very best requirements in regulatory compliance,” mentioned Mr Arthur Azizov, Co-Founding father of B2B Prime Digital MENA. “We have constructed a robust ecosystem that not solely meets however exceeds the business’s requirements, guaranteeing a protected and environment friendly gateway to digital belongings for customers. We’re prepared to maneuver ahead within the licensing course of in our bid to supply safe and streamlined entry to digital belongings, strictly adhering toVARA’s pointers.”
Whereas this preliminary approval is a milestone achievement, B2B Prime Digital MENA continues to work in direction of acquiring VARA’s extremely acclaimed Digital Asset Service Supplier license.
“The receipt of the Preliminary Approval for all three licenses, notably the Switch and Settlement License, was eagerly awaited and has introduced immense pleasure to our complete group. This achievement has undoubtedly impressed us to pour our very best in direction of securing the Digital Asset Service Supplier license”, acknowledged Adriana Paredes Herrera, CEO of B2B Prime Digital MENA.
This progress is important for the corporate to totally function inside the Emirate of Dubai and introduce its revolutionary merchandise and options to the market.
Strategic Insights
Presently, there’s a rising demand available in the market for a dependable supplier of crypto Prime of Prime brokerage providers, with a particular concentrate on the spot digital belongings sector.
Our preliminary strategic aim will probably be to offer entry to the widest collection of belongings within the business and ship buying and selling situations that meet the wants of each retail and institutional purchasers, all by our personal superior platform.
About B2Prime
B2Prime Group, a Prime of Prime Multi-Asset Liquidity Supplier, serves institutional {and professional} purchasers globally. Licensed in Cyprus and Mauritius, it’s famend for its compliance, reliability, and experience throughout Foreign exchange, Crypto CFDs, and different markets.
B2Prime provides superior aggregation software program, ultra-low latency connectivity, and institutional-grade internet hosting. Its numerous consumer base spans exchanges, brokers, hedge funds, and extra. The group is dedicated to offering distinctive consumer service, 24/7 multilingual technical help, and devoted relationship managers.
For extra data, go to www.b2prime.com.
About VARA
Established in March 2022, following the impact of Legislation No.4 of 2022, VARA is the competent entity in control of regulating, supervising, and overseeing VAs and VA Actions in all zones throughout the Emirate of Dubai, together with Particular Improvement Zones and Free Zones however excluding the Dubai Worldwide Monetary Centre. VARA performs a central position in creating Dubai’s superior authorized framework to guard buyers and set up worldwide requirements for Digital Asset business governance, whereas supporting the imaginative and prescient for a borderless financial system.
For extra data go to: www.vara.ae
B2Prime Group, a number one liquidity supplier, is proud to announce that B2B Prime Digital MENA has been granted an “Preliminary Approval” for licensing from the Dubai Digital Belongings Regulatory Authority (VARA). Licensing stays topic to fulfilment of pre-operating situations and qualifying for operational approval by VARA.
This milestone signifies the granting of Preliminary approvals from VARA for licenses overlaying actions of “Digital Asset Trade Providers,” “Digital Asset Dealer Vendor Providers,” and “Digital Asset Switch and Settlement Providers”.
What Does VARA’s Preliminary Approval Imply?
It is a necessary milestone in our pursuit of a whole Digital Asset Service Supplier (VASP) License and can permit us to maneuver ahead within the licensing course of as we glance to supply complete Trade, Dealer Vendor and Switch and Settlement digital asset providers and associated actions within the area sooner or later.
Mrs Eugenia Mykuliak, Founding father of B2Prime, expressed her gratitude for this achievement, stating, “We’re excited to contribute to the expansion of Dubai’s ever rising Digital belongings ecosystem.”
Setting the Stage for Complete Digital Asset Providers
This preliminary approval permits B2B Prime Digital MENA to maneuver ahead within the licensing course of earlier than finally providing digital asset providers underneath the VASP License for Switch & Settlement, Dealer-Vendor and Trade which, in fact, stays topic to operational approval by VARA.
“We’re extraordinarily proud and grateful to have acquired preliminary approval from VARA, which is a testomony to our willpower to take care of the very best requirements in regulatory compliance,” mentioned Mr Arthur Azizov, Co-Founding father of B2B Prime Digital MENA. “We have constructed a robust ecosystem that not solely meets however exceeds the business’s requirements, guaranteeing a protected and environment friendly gateway to digital belongings for customers. We’re prepared to maneuver ahead within the licensing course of in our bid to supply safe and streamlined entry to digital belongings, strictly adhering toVARA’s pointers.”
Whereas this preliminary approval is a milestone achievement, B2B Prime Digital MENA continues to work in direction of acquiring VARA’s extremely acclaimed Digital Asset Service Supplier license.
“The receipt of the Preliminary Approval for all three licenses, notably the Switch and Settlement License, was eagerly awaited and has introduced immense pleasure to our complete group. This achievement has undoubtedly impressed us to pour our very best in direction of securing the Digital Asset Service Supplier license”, acknowledged Adriana Paredes Herrera, CEO of B2B Prime Digital MENA.
This progress is important for the corporate to totally function inside the Emirate of Dubai and introduce its revolutionary merchandise and options to the market.
Strategic Insights
Presently, there’s a rising demand available in the market for a dependable supplier of crypto Prime of Prime brokerage providers, with a particular concentrate on the spot digital belongings sector.
Our preliminary strategic aim will probably be to offer entry to the widest collection of belongings within the business and ship buying and selling situations that meet the wants of each retail and institutional purchasers, all by our personal superior platform.
About B2Prime
B2Prime Group, a Prime of Prime Multi-Asset Liquidity Supplier, serves institutional {and professional} purchasers globally. Licensed in Cyprus and Mauritius, it’s famend for its compliance, reliability, and experience throughout Foreign exchange, Crypto CFDs, and different markets.
B2Prime provides superior aggregation software program, ultra-low latency connectivity, and institutional-grade internet hosting. Its numerous consumer base spans exchanges, brokers, hedge funds, and extra. The group is dedicated to offering distinctive consumer service, 24/7 multilingual technical help, and devoted relationship managers.
For extra data, go to www.b2prime.com.
About VARA
Established in March 2022, following the impact of Legislation No.4 of 2022, VARA is the competent entity in control of regulating, supervising, and overseeing VAs and VA Actions in all zones throughout the Emirate of Dubai, together with Particular Improvement Zones and Free Zones however excluding the Dubai Worldwide Monetary Centre. VARA performs a central position in creating Dubai’s superior authorized framework to guard buyers and set up worldwide requirements for Digital Asset business governance, whereas supporting the imaginative and prescient for a borderless financial system.
For extra data go to: www.vara.ae
