B2B Prime Digital MENA granted ‘Initial approval’ from the VARA

B2B Prime Digital MENA granted ‘Initial approval’ from the VARA

DUBAI, United Arab Emirates--(BUSINESS WIRE/AETOSWire)-- B2Prime Group, a leading liquidity provider, is proud to announce that B2B Prime Digital MENA has been granted an "Initial Approval" for licensing from the Dubai Virtual Assets Regulatory Authority (VARA). Licensing remains subject to fulfilment of pre-operating conditions and qualifying for operational approval by VARA. This milestone signifies the granting of Initial approvals from VARA for licenses covering activities of "Virtual Asset Exchange Services," "Virtual Asset Broker Dealer Services," and "Virtual Asset Transfer and Settlement Services”. What Does VARA's Initial Approval Mean? It's an essential milestone in our pursuit of a complete Virtual Asset Service Provider (VASP) License and will allow us to move forward in the licensing process as we look to offer comprehensive Exchange, Broker Dealer and Transfer and Settlement virtual asset services and related activities in the region in the future. Mrs Eugenia Mykuliak, Founder of B2Prime, expressed her gratitude for this achievement, stating, "We are excited to contribute to the growth of Dubai's ever growing Virtual assets ecosystem." Setting the Stage for Comprehensive Virtual Asset Services This initial approval allows B2B Prime Digital MENA to move forward in the licensing process before eventually offering virtual asset services under the VASP