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LTP has received the principle approval from Dubai VARA for virtual asset service provider.
According to Mars Finance, Liquidity Tech's Dubai subsidiary, Liquidity Fintech FZE, has received the “in-principle approval” (IPA) of a virtual asset service provider (VASP) issued by the Dubai Virtual Assets Regulatory Authority (VARA). This approval allows it to conduct virtual asset brokerage and proprietary trading in the UAE and serve qualified and institutional investors as a hub in the Middle East. LTP stated that it will advance the full license application process. VARA is responsible for the licensing and regulation of digital asset activities in Dubai, emphasizing the framework requirements between innovation and investor protection.