Dubai’s Crypto Surge: Komainu Bags Operational License

After
Binance secured an operational license for cryptocurrency services in Dubai at
the previous month’s end, another digital asset sector company announced its
own license acquisition. Komainu, a custody service provider for Bitcoin (BTC)
and altcoins, can now provide access to its complete product range in the
region.

In 2022, Komainu secured the first Minimum Viable Product (MVP) license granted by
the Virtual Asset Regulatory Authority (VARA). The additional license will
enable the company to expand its service offerings and cater to a broader
clientele.

Komainu’s
recent licensing by VARA enables the company to offer its comprehensive suite
of custody services to clients in Dubai. These services include institutional
staking
Staking

Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve

Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve
Read this Term and collateral management through the Komainu Connect platform. With
its base in Dubai, Komainu MEA FZE signifies the firm’s dedication to
establishing a significant presence and achieving its regional objectives.