B2Prime Group, a prominent liquidity provider, is delighted to announce a significant achievement – the “Initial Approval” for licensing granted by the Dubai Virtual Assets Regulatory Authority (VARA) to B2B Prime Digital MENA.
However, it’s important to note that the licensing process is contingent on fulfilling pre-operating conditions and gaining operational approval from VARA.
This initial approval represents a crucial step toward obtaining a complete Virtual Asset Service Provider (VASP) License, enabling B2B Prime Digital MENA to offer comprehensive virtual asset services, including Exchange, Broker Dealer, and Transfer and Settlement services, in the MENA region in the near future.
Founder of B2Prime, Mrs. Eugenia Mykuliak, expressed her gratitude for this milestone, emphasizing their commitment to contributing to the growth of Dubai’s virtual asset ecosystem.
While the initial approval is significant, it is just the beginning. B2B Prime Digital MENA continues to work towards securing VARA’s highly acclaimed Virtual Asset Service Provider license, which is essential for their full operation in Dubai.
Co-Founder of B2B Prime Digital MENA, Mr. Arthur Azizov, highlighted the company’s dedication to regulatory compliance and the creation of a secure and efficient gateway to virtual assets.
Their ecosystem surpasses industry standards, ensuring safe access to virtual assets while adhering to VARA’s guidelines.
The receipt of the Initial Approval for all three licenses, especially the Transfer and Settlement License, has been a moment of immense joy for the entire team at B2B Prime Digital MENA.
CEO Adriana Paredes Herrera expressed their determination to obtain the Virtual Asset Service Provider license, marking a significant step towards introducing their innovative products and solutions to the Dubai market.
Currently, there is a growing demand for a reliable provider of crypto Prime of Prime brokerage services, with a particular focus on the spot digital assets sector.
B2B Prime Digital MENA’s strategic goal is to offer a wide range of assets and trading conditions tailored to both retail and institutional clients through their advanced platform.
B2Prime Group, a Prime of Prime Multi-Asset Liquidity Provider, serves institutional and professional clients globally with licenses in Cyprus and Mauritius.
Known for its compliance, reliability, and expertise across various markets, the group offers advanced aggregation software, ultra-low latency connectivity, and top-notch hosting.
Their diverse clientele includes exchanges, brokers, hedge funds, and more, with a commitment to exceptional client service and technical support.
Established in March 2022, VARA plays a pivotal role in regulating and overseeing Virtual Assets and VA Activities across Dubai, contributing to the creation of a robust legal framework, investor protection, and international standards in the Virtual Asset industry, aligning with the vision of a borderless economy.