Dubai’s VARA approves OKX ‘preparatory’ license as part of exchange’s expansion plans By Cointelegraph
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The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region.
In a June 15 notice, OKX said amid the regulator’s licensing approval, the exchange planned to increase its staff to 30 people in Dubai and had already opened an office in the city’s World Trade Center building. VARA granted OKX a provisional operating license in July 2022 allowing the firm to offer products and services in the region.
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The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region.
In a June 15 notice, OKX said amid the regulator’s licensing approval, the exchange planned to increase its staff to 30 people in Dubai and had already opened an office in the city’s World Trade Center building. VARA granted OKX a provisional operating license in July 2022 allowing the firm to offer products and services in the region.
Continue Reading on Coin Telegraph
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