B2B Prime Gains Initial Approval for Crypto License in Dubai

<p>B2Prime
Group, a liquidity provider, its subsidiary B2B Prime Digital MENA has been
granted "Initial Approval" for licensing from the Dubai Virtual
Assets Regulatory Authority (VARA). The approval covers a spectrum of
activities, including Virtual Asset Exchange Services, Virtual Asset Broker
Dealer Services, and Virtual Asset Transfer and Settlement Services.</p><p>VARA's
Initial Approval: B2B Prime Digital MENA Advances Toward VASP Status</p><p>The
Initial Approval from VARA marks a step in B2B Prime Digital MENA's journey
towards becoming a complete Virtual Asset Service Provider (VASP). While the
licensing remains subject to meeting pre-operating conditions and qualifying
for operational approval, this development positions the company to offer
comprehensive Exchange, Broker Dealer, and Transfer and Settlement virtual
asset services in the MENA region in the future.</p><p>Eugenia
Mykuliak, Founder of B2Prime, stated: "We are excited to contribute to the
growth of Dubai's ever-growing Virtual assets ecosystem."</p><p>This
approval allows B2B Prime Digital MENA to progress in the licensing process,
paving the way for the company to offer virtual asset services under the VASP
License for Transfer &amp; Settlement, Broker-Dealer, and Exchange, contingent
upon operational approval by VARA.</p><p>Arthur
Azizov, Co-Founder of B2B Prime Digital MENA, highlighted the company's
commitment to regulatory compliance, stating: "We've built a powerful
ecosystem that not only meets but exceeds the industry's standards,
guaranteeing a safe and efficient gateway to virtual assets for users."</p><blockquote><p lang="en" dir="ltr">B2B Prime Digital MENA Granted 'Initial Approval' from the Virtual Assets Regulatory Authority of Dubai (VARA) <a href="https://t.co/CKbNpIYJCH">https://t.co/CKbNpIYJCH</a> <a href="https://t.co/4qfkpye9Wi">pic.twitter.com/4qfkpye9Wi</a></p>— Latest News from Business Wire (@NewsFromBW) <a href="https://twitter.com/NewsFromBW/status/1747555257457246247?ref_src=twsrc%5Etfw">January 17, 2024</a></blockquote><p>Meeting
Demand for Crypto Prime of Prime Brokerage Services</p><p>B2B
Prime Digital MENA's strategic goal is to meet the growing market demand for a
reliable provider of crypto Prime of Prime brokerage services, focusing on the
spot digital assets sector. The company aims to provide access to a wide range
of assets and deliver trading conditions catering to both retail and
institutional clients through its advanced platform.</p><p>The
company, part of the B2Prime Group, operates as a Prime of Prime Multi-Asset
Liquidity Provider, serving institutional and professional clients globally.
Licensed in Cyprus and Mauritius, <a href="https://www.financemagnates.com/tag/b2prime/">B2Prime</a> is recognized
for its expertise across <a href="https://www.financemagnates.com/tag/forex/">Forex</a>,
<a href="https://www.financemagnates.com/tag/crypto/">Crypto</a> CFDs, and
other markets. </p><p>Adriana
Paredes Herrera, CEO of B2B Prime Digital MENA, said: "The receipt of the
Initial Approval for all three licenses, particularly the Transfer and
Settlement License, was eagerly awaited and has brought immense joy to our
entire team."</p>

This article was written by Tareq Sikder at www.financemagnates.com.