Digital asset custodian Liminal has received preliminary approval from Dubai’s virtual asset regulator, VARA, for its digital asset custody services through its Dubai entity, First Answer Custody FZE.
The company will now work towards obtaining a full Virtual Asset Service Provider license from VARA. Once Liminal obtains a full VASP license, its team will oversee its custody operations in the Middle East, which includes overseeing compliance and security protocols, risk management and audit procedures to protect client assets. (Finance Feeds)