LTP has received principled approval from Dubai VARA for virtual asset service provider

ChainCatcher news, LTP (Liquidity Tech) subsidiary Liquidity Fintech FZE in Dubai has received the "in-principle approval" (IPA) for virtual asset service provider (VASP) from 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 for the Middle East.

LTP stated that it will advance the full licensing 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.