Hong Kong-based crypto investment firm Q9 Capital has received a provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA), the company said on Wednesday in a statement shared with Forkast.
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Fast facts
- The provisional approval allows Q9 to offer an approved range of crypto services and products while the Dubai crypto regulator examines its full license application.
- With VARA’s full operating license, Q9 can extend products and services to qualified investors and financial service providers in the Emirati hub.
- Q9 intends to establish a regional hub in Dubai.
- Dubai is becoming a new crypto hub after successfully luring exchanges like Binance, Crypto.com, and FTX to operate legally.
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- Source: https://forkast.news/headlines/q9-gets-dubai-provisional-approval/