First step to get a full regulatory license

Dubai: Fastex says that it has received initial approval from VARA

2023-08-18
Reading time 40 seg

Fastex, the Web3-driven ecosystem announced that it has received initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA). While this will not allow Fastex to undertake any virtual asset activity in and from the Emirate of Dubai yet, it is the first step in Fastex securing a full regulatory license.

Vigen Badalyan, the co-founder of Fastex noted: "The approval is a big accomplishment for Fastex. It is a step forward for the company to expand its reach in the Middle East and share the latest innovations in virtual assets. We aim to provide the best platform in the Web3 landscape and VARA’s approval allows us to move forward and achieve results."


Vigen Badalyan, the co-founder of Fastex

He added: "We are honored to receive this initial approval from VARA. It is a testament to the hard work and dedication of our team, and it reinforces our vision of creating a seamless and reliable ecosystem for our users.”

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR