Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator

Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator


Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said. The provisional approval allows Huobi to offer virtual asset exchange products and services to “pre-qualified investors and professional financial service providers.”

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The Asian cryptocurrency exchange platform, Huobi, has become the latest digital asset services company to receive provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA). According to a statement released by the exchange, this approval gives Huobi’s United Arab Emirates (UAE)-based entity the authority to offer “a full suite of virtual asset exchange products and services.”

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Before giving Huobi its approval, VARA had granted another provisional license

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