Crypto investment firm Q9 gets provisional approval to operate in Dubai
The Hong Kong-based company will join the likes of Binance, Crypto.com, OKX and FTS, who’ve also opened offices in the UAE. A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE and applied for a full operating license as well. According to its press release from Oct. 27, Q9 will establish a regional hub in Dubai and start providing services to qualified investors and financial service providers once it receives a full operating....
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A major cryptocurrency exchange in the UAE, Bitoasis, has obtained provisional approval from Dubai’s new cryptocurrency regulator. Binance and FTX have also been green-lighted by the regulator. Bitoasis Pursuing License From Dubai’s New Crypto Regulator Bitoasis, a major crypto exchange founded and headquartered in Dubai, announced Wednesday that it has received “provisional approval” from Dubai’s new crypto regulator, the Virtual Assets Regulatory Authority (VARA). Dubai adopted its first law to regulate the crypto sector earlier this month and....
The Hong Kong-based crypto investment firm Q9 Capital secures its provisional license from the VARA regulatory to operate in the UAE. The platform joins the list of other big names like Binance, Crypto.com, OKX, FTX and others, currently operating in the regime following the approval. It comes as part of the company’s move to expand […]
Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said. The provisional approval allows Huobi to offer virtual asset exchange products and services to “pre-qualified investors and professional financial service providers.”
Spot and OTC Services Are Limited to Pre-Qualified Investors
The Asian cryptocurrency exchange platform, Huobi, has become the latest digital asset services company to receive provisional approval from the Dubai....
In July, exchanges flocked to get approvals under Dubai’s Virtual Asset Regulatory Authority to expand their operations within the region. Dubai has positioned itself as one of the most crypto-friendly cities, having established a new regulator to cement the United Arab Emirates’ position in the crypto space. Following the move, crypto exchanges began to flock to the region, securing the newly formed regulator's approval to operate within the region. In March, Dubai’s authorities announced a new law on crypto assets and established a new regulating body called the Dubai Virtual Asset....
The company will build a headquarters in Dubai to operate exchange and clearinghouse services for bitcoin and cryptocurrencies through a subsidiary.