1/ Dubai's Virtual Assets Regulatory Authority (VARA) has updated the #Custody Services Rulebook to allow #staking services by c
24 Aug 2023, 19:00
1/ Dubai's Virtual Assets Regulatory Authority (VARA) has updated the #Custody Services Rulebook to allow #staking services by custodians.
No separate license is needed for VA Management and Investment Services, but specific VARA approval is required. π¦πͺπ
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1Shyft NetworkSHFT #813
24 Aug 2023, 19:00
2/ With this change, VASPs (= #crypto businesses) can now provide #stakingservices under their existing legal structure, subject to additional fees. π°
This aligns with Dubai's strategy to grow the fintech sector while ensuring consumer protection and market integrity. ππ‘οΈ
2/ With this change, VASPs (= #crypto businesses) can now provide #stakingservices under their existing legal structure, subject
2/ With this change, VASPs (= #crypto businesses) can now provide #stakingservices under their existing legal structure, subject to additional fees. π°
This aligns with Dubai's strategy to grow the fintech sector while ensuring consumer protection and market integrity. ππ‘οΈ