Q9 Capital, a Hong Kong-based crypto investment platform, has gained provisional virtual asset authorization from Dubai’s Virtual Asset Regulatory Authority (VARA). The firm announced its expansion to the United Arab Emirates and sought a complete operating license.

Q9 will build a regional center in Dubai and begin delivering services to eligible investors and financial service providers once it gets a complete operating license, according to a press statement on October 27.

VARA’s interim approval allows the crypto platform to legally establish offices and provide digital asset exchange services to pre-qualified investors and financial organizations. Q9 now has offices in Hong Kong, London, and Limassol.

James Quinn, a managing partner at Q9, stated:

“Dubai’s Virtual Assets Regulatory Authority is a  testament to the country’s forward-looking stance on digital assets and its willingness to support the  industry through collaboration.

We look forward to participating in the authority’s robust compliance  framework and continue building partnerships as we expand our presence in Dubai to roll out additional  services and enhanced products for the region.”

Binance reached the next step in September, receiving a Minimal Viable Product license. Since receiving preliminary clearance from VARA in March, the world’s largest crypto exchange has taken almost six months to obtain the license.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Dubai

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Crypto Investment Company Q9 Received Provisional Approval To Operate In Dubai

Q9 Capital, a Hong Kong-based crypto investment platform, has gained provisional virtual asset authorization from Dubai’s Virtual Asset Regulatory Authority (VARA). The firm announced its expansion to the United Arab Emirates and sought a complete operating license.

Q9 will build a regional center in Dubai and begin delivering services to eligible investors and financial service providers once it gets a complete operating license, according to a press statement on October 27.

VARA’s interim approval allows the crypto platform to legally establish offices and provide digital asset exchange services to pre-qualified investors and financial organizations. Q9 now has offices in Hong Kong, London, and Limassol.

James Quinn, a managing partner at Q9, stated:

“Dubai’s Virtual Assets Regulatory Authority is a  testament to the country’s forward-looking stance on digital assets and its willingness to support the  industry through collaboration.

We look forward to participating in the authority’s robust compliance  framework and continue building partnerships as we expand our presence in Dubai to roll out additional  services and enhanced products for the region.”

Binance reached the next step in September, receiving a Minimal Viable Product license. Since receiving preliminary clearance from VARA in March, the world’s largest crypto exchange has taken almost six months to obtain the license.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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