
Nomura subsidiary secures VASP license from Dubai’s digital asset regulator
Dubai's VARA has granted Nomura-backed Laser Digital a VASP permit, allowing it to expand the scope of its offering to include broker-dealer and OTC trading services.
Dubai's VARA has granted Nomura-backed Laser Digital a VASP permit, allowing it to expand the scope of its offering to include broker-dealer and OTC trading services.
Dubai's VARA announced on July 10 that the conditional license issued to BitOasis will remain "non-operational" until the exchange regularizes its processes with the regulator.
With the MVP license, BitOasis now has the right to provide broker-dealer services in Dubai to qualified retail and institutional investors.
BitOasis disclosed laying off about five percent of its employees, which the CEO and Co-Founder, Ola Doudin, said is equivalent to nine employees across its offices in Dubai, Abu Dhabi, and Amman.
BitOasis has taken an important step towards getting a full license, and will be a crucial player in the Middle East crypto scene.