Liquidity Fintech FZE Receives Initial Approval for Virtual Asset Services in Dubai

According to PANews, Liquidity Fintech FZE, a subsidiary of Liquidity Tech based in Dubai, has obtained 'in-principle approval' (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) to operate as a virtual asset service provider (VASP). This approval enables the company to conduct virtual asset brokerage and proprietary trading activities in the United Arab Emirates, serving as a regional hub for qualified and institutional investors in the Middle East. Liquidity Tech plans to proceed with the full licensing application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the balance between innovation and investor protection within its framework requirements.