B2Prime
Group, a liquidity provider, its subsidiary B2B Prime Digital MENA has been
granted “Initial Approval” for licensing from the Dubai Virtual
Assets Regulatory Authority (VARA). The approval covers a spectrum of
activities, including Virtual Asset Exchange Services, Virtual Asset Broker
Dealer Services, and Virtual Asset Transfer and Settlement Services.
The
Initial Approval from VARA marks a step in B2B Prime Digital MENA’s journey
towards becoming a complete Virtual Asset Service Provider (VASP). While the
licensing remains subject to meeting pre-operating conditions and qualifying
for operational approval, this development positions the company to offer
comprehensive Exchange, Broker Dealer, and Transfer and Settlement virtual
asset services in the MENA region in the future.
Arthur Azizov, Co-Founder of B2B Prime Digital MENA, Source: LinkedIn
Eugenia
Mykuliak, Founder of B2Prime, stated: “We are excited to contribute to the
growth of Dubai’s ever-growing Virtual assets ecosystem.”
This
approval allows B2B Prime Digital MENA to progress in the licensing process,
paving the way for the company to offer virtual asset services under the VASP
License for Transfer & Settlement, Broker-Dealer, and Exchange, contingent
upon operational approval by VARA.
Arthur
Azizov, Co-Founder of B2B Prime Digital MENA, highlighted the company’s
commitment to regulatory compliance, stating: “We’ve built a powerful
ecosystem that not only meets but exceeds the industry’s standards,
guaranteeing a safe and efficient gateway to virtual assets for users.”
B2B Prime Digital MENA Granted ‘Initial Approval’ from the Virtual Assets Regulatory Authority of Dubai (VARA) https://t.co/CKbNpIYJCH pic.twitter.com/4qfkpye9Wi
— Latest News from Business Wire (@NewsFromBW) January 17, 2024
Meeting
Demand for Crypto Prime of Prime Brokerage Services
B2B
Prime Digital MENA’s strategic goal is to meet the growing market demand for a
reliable provider of crypto Prime of Prime brokerage services, focusing on the
spot digital assets sector. The company aims to provide access to a wide range
of assets and deliver trading conditions catering to both retail and
institutional clients through its advanced platform.
The
company, part of the B2Prime Group, operates as a Prime of Prime Multi-Asset
Liquidity Provider, serving institutional and professional clients globally.
Licensed in Cyprus and Mauritius, B2Prime is recognized
for its expertise across Forex,
Crypto CFDs, and
other…
