A branch of FTX Exchange, FTX Europe, and the Middle East has been permitted to participate in Dubai’s MVP program for Virtual Assets, governed by VARA.
FTX Secures A Permanent License to Operate in Dubai, UAEBy receiving the MVP license to run its Virtual Asset Exchange and Clearing House services in Dubai, FTX has successfully established itself as the first Virtual Asset Service Provider (VASP).
One of the leading cryptocurrency exchanges, FTX, has been granted full permission to operate in Dubai as the country moves forward with efforts to build its virtual asset industry.
It was mainly due to its plans to get Dubai to give them a license to operate some virtual asset operations in the area.
FTX announced in March that it would construct a regional headquarters after Dubai first granted it a partial license.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.