Dubai VARA Offers provisional Virtual Assets License To OKX To Allow Extention Of Products And Services
OKX, one of the crypto exchanges got a provisional virtual assets license given by the Dubai Virtual Asset Regulatory Authority (VARA). This provision will permit the crypto exchange, OKX to propose additional services to sanctioned investors and financial services providers in Dubai, United Arab Emirates (UAE).
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Interestingly, the UAE government founded VARA, Virtual Assets Regulatory Authority for the following reasons:
To provide a legal structure for crypto in Dubai.To aim at securing investors.To create international standards for governance within the industry.
It is good to note, that the largest airline in the UAE revea...