VARA grants Preparatory License to, a well-known cryptocurrency platform, has been granted a preparatory license by the Dutch government broadcasting agency, VARA. This license allows to explore its business opportunities in the Netherlands and pave the way for a potential expansion of its services in the European market. With this development, can now move forward with its plans to introduce its cryptocurrency and payment solutions to Dutch consumers. The company’s innovative approach and commitment to security and transparency make it an attractive option for those looking to enter the world of cryptocurrency. The preparatory license granted by VARA is a significant step for and underscores its position as a leading player in the cryptocurrency industry.

Dubai is quickly becoming a hub for crypto services, with the aim of creating a future-proofed ecosystem. Despite the stringent requirements needed to acquire a license, many ventures are proceeding in the hope that the market will continue to flourish. The latest venture to receive a preparatory license is, a company that is trusted by over 80 million users worldwide, according to a exchange review. The company not only received the MVP Preparatory License from the Virtual Asset Regulatory Authority (VARA), but its ultimate goal is to have cryptocurrency in every wallet.

After receiving the MVP Preparatory License, plans to launch all its services and products in compliance with VARA’s framework. The MVP Preparatory License is a stepping stone to the Operational License, which would allow it to offer a wide range of VA services such as exchange, margin, and brokerage services. VARA’s framework focuses on cross-border interoperability by working closely with companies like

Kris Marszalek, CEO of, has dubbed this new step as significant, seeing Dubai as an important market for its business and industry at a macro level. He looks forward to working with regulators to provide customers with a comprehensive and secure crypto experience. Henson Orser, CEO of VARA, welcomed to the MVP programme at the preparatory phase, stating that’s participation will help VARA in delivering a progressive and future-focused framework. received initial provisional approval in June 2022, followed by the MVP Preparatory License. The preparatory phase permits to fulfil all the conditions beforehand that are required to be met during the MVP market operation. When receives the operational License from VARA, it would create a sustainable global VA market that thrives on being the best in the world. Business growth and investor protection have also been given top priority.

In conclusion,’s acquisition of the MVP Preparatory License from VARA marks a significant step towards the company’s aim of having cryptocurrency in every wallet. Dubai’s rising status as a crypto hub underscores the importance of regulatory compliance, professionalism, and dedication to creating a comprehensive and secure crypto experience for customers.

Leave a Comment

Google News