Nomura’s Crypto Subsidiary Secures License in Dubai

The digital asset division of the Japanese brokerage
group Nomura has obtained a license to offer crypto services in the United Arab
Emirates (UAE). The company is the latest among several other digital asset firms to
obtain a license in the country.

Laser Digital was awarded an operating license by Dubai’s Virtual Asset Regulatory Authority (VARA) as
the final stage in the licensing of cryptocurrency businesses in the country. The new license allows
the company to offer broker-dealer, management, and investment services in virtual assets.

Jez Mohideen, the CEO of
Laser Digital, said: “We are very grateful to the VARA for approving our
operating license. VARA’s thorough and consultative process provides
institutional investors with the assurance they require to engage in this asset
class. With the license now in place, we are looking forward to Laser’s growth
over the coming years.”

Laser Digital has
completed all the steps in the approvals for digital asset
services in the UAE. This year, Dubai issued a mandatory requirement for the licensing of cryptocurrency service providers. Some of the requirements include
compliance with cybersecurity and risk management
Risk Management

One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class,

One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class,
Read this Term controls. The rules cover the
issuance, advisory, custody, and exchange services…