Will a
foreign exchange specialist in rising markets cope within the decentralized world of
cryptocurrencies? DKK Companions, whose Center East subsidiary has secured an
Preliminary Approval from the Dubai Digital Property Regulatory Authority (VARA) to
provide digital asset providers in Dubai, has determined to search out out.
The
regulatory approval permits DKK FZE to maneuver ahead in buying a full Digital
Asset Service Supplier Licence from VARA. As soon as licensed, the corporate plans to
present Dubai and UAE-based company and institutional purchasers entry to
stablecoin options leveraging blockchain expertise.
“It’s
an extremely thrilling time for DKK within the Center East and securing the VARA
Preliminary approval will allow us to proceed making a splash within the area,”
mentioned Khalid Talukder, the Co-Founder and CEO of DKK Companions.
We’re thrilled to share that we have achieved the preliminary approval for the Dubai Digital Property Regulatory Authority [VARA] License!#fx #commerce #emergingmarkets #exchangerates #finance #fintech#fxtips #stablecoin #usdt #usdc #digital #vara #dubai #dwtchttps://t.co/sAuwCDZz7q pic.twitter.com/bL5vBbMIUT
— DKK Companions (@DkkPartners) February 22, 2024
Since
establishing operations in Dubai final yr, DKK FZE has quickly expanded its
presence underneath the management of Victoria Albergini, the Head of Partnerships.
The VARA approval aligns with DKK’s broader digital asset technique to cement
Dubai as a key hub within the Center East.
“The VARA
preliminary approval enhances our skill to serve the distinctive wants of company
and institutional prospects,” Albergini commented.
DKK
Companions makes a speciality of offering FX danger administration, liquidity options and
streamlined collections to organizations in high-growth rising markets.
Crypto Corporations Flock to
Dubai for VARA Licenses
Dubai has
grow to be a hotspot for cryptocurrency and blockchain corporations in search of regulatory
approval and licenses from the emirate’s VARA. DKK joins a rising listing of
main trade gamers making strikes to determine operations in Dubai’s
crypto-friendly jurisdiction.
In late
January, liquidity supplier B2Prime Group introduced that its subsidiary B2B
Prime Digital MENA obtained preliminary approval for a VARA license. Whereas remaining
licensing remains to be pending the fulfilment of pre-operating situations, B2Prime
is on monitor to securing regulatory compliance in Dubai.
Within the meantime, Canada-based crypto infrastructure supplier Aquanow bolstered its
standing by securing a proper Digital Asset Service Supplier (VASP) license from
VARA. This license permits Aquanow to supply compliant crypto providers from
inside the emirate.
Different
current VARA license approvals embody the Dubai subsidiary for cryptocurrency
alternate OKX in December. With its VASP license authorized, OKX Center East
Fintech can now provide digital asset alternate providers in Dubai’s regulatory
jurisdiction.
Moreover
in December, CoinMENA FZE, a subsidiary of CoinMENA B.S.C. obtained a selected
VASP license for VA Dealer-Supplier providers from VARA. This license allows CoinMENA to function legally as a licensed digital asset dealer
and vendor primarily based within the metropolis.
The
steady inflow of crypto corporations in search of VARA licensing and approval
highlights Dubai’s attractiveness and aggressive edge in welcoming digital
asset companies. As one of the crypto-friendly jurisdictions within the
world, Dubai is prone to see many extra trade gamers following swimsuit and
establishing operations with VARA’s regulatory backing.
Will a
foreign exchange specialist in rising markets cope within the decentralized world of
cryptocurrencies? DKK Companions, whose Center East subsidiary has secured an
Preliminary Approval from the Dubai Digital Property Regulatory Authority (VARA) to
provide digital asset providers in Dubai, has determined to search out out.
The
regulatory approval permits DKK FZE to maneuver ahead in buying a full Digital
Asset Service Supplier Licence from VARA. As soon as licensed, the corporate plans to
present Dubai and UAE-based company and institutional purchasers entry to
stablecoin options leveraging blockchain expertise.
“It’s
an extremely thrilling time for DKK within the Center East and securing the VARA
Preliminary approval will allow us to proceed making a splash within the area,”
mentioned Khalid Talukder, the Co-Founder and CEO of DKK Companions.
We’re thrilled to share that we have achieved the preliminary approval for the Dubai Digital Property Regulatory Authority [VARA] License!#fx #commerce #emergingmarkets #exchangerates #finance #fintech#fxtips #stablecoin #usdt #usdc #digital #vara #dubai #dwtchttps://t.co/sAuwCDZz7q pic.twitter.com/bL5vBbMIUT
— DKK Companions (@DkkPartners) February 22, 2024
Since
establishing operations in Dubai final yr, DKK FZE has quickly expanded its
presence underneath the management of Victoria Albergini, the Head of Partnerships.
The VARA approval aligns with DKK’s broader digital asset technique to cement
Dubai as a key hub within the Center East.
“The VARA
preliminary approval enhances our skill to serve the distinctive wants of company
and institutional prospects,” Albergini commented.
DKK
Companions makes a speciality of offering FX danger administration, liquidity options and
streamlined collections to organizations in high-growth rising markets.
Crypto Corporations Flock to
Dubai for VARA Licenses
Dubai has
grow to be a hotspot for cryptocurrency and blockchain corporations in search of regulatory
approval and licenses from the emirate’s VARA. DKK joins a rising listing of
main trade gamers making strikes to determine operations in Dubai’s
crypto-friendly jurisdiction.
In late
January, liquidity supplier B2Prime Group introduced that its subsidiary B2B
Prime Digital MENA obtained preliminary approval for a VARA license. Whereas remaining
licensing remains to be pending the fulfilment of pre-operating situations, B2Prime
is on monitor to securing regulatory compliance in Dubai.
Within the meantime, Canada-based crypto infrastructure supplier Aquanow bolstered its
standing by securing a proper Digital Asset Service Supplier (VASP) license from
VARA. This license permits Aquanow to supply compliant crypto providers from
inside the emirate.
Different
current VARA license approvals embody the Dubai subsidiary for cryptocurrency
alternate OKX in December. With its VASP license authorized, OKX Center East
Fintech can now provide digital asset alternate providers in Dubai’s regulatory
jurisdiction.
Moreover
in December, CoinMENA FZE, a subsidiary of CoinMENA B.S.C. obtained a selected
VASP license for VA Dealer-Supplier providers from VARA. This license allows CoinMENA to function legally as a licensed digital asset dealer
and vendor primarily based within the metropolis.
The
steady inflow of crypto corporations in search of VARA licensing and approval
highlights Dubai’s attractiveness and aggressive edge in welcoming digital
asset companies. As one of the crypto-friendly jurisdictions within the
world, Dubai is prone to see many extra trade gamers following swimsuit and
establishing operations with VARA’s regulatory backing.
