Dubai Gives Provisional Approval to this Crypto Investment Firm
The Middle East, especially Dubai’s, love affair with crypto is known across the globe. Many prominent crypto firms have moved their bases to Dubai, or have begun offering their services in the Emirates. Some of the industry giants that offer services in Dubai include Binance, Crypto.com, FTX, etc. The region has one of the most business-and- crypto currency-friendly laws at the moment. Hence it is of no surprise that firms, big or small, want to establish their footprint in that region. Joining the growing list of web3 and crypto currency-related businesses in Dubai is Q9 Capital, a Hong Kong-based crypto investment firm. The firm has successfully obtained provisional approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The interim certification will allow the firm to offer a range of cryptocurrency services and goods that have been approved. These include opening offices and offering digital asset exchange services to pre-qualified investors and finan...