B2Prime Group Secures Initial Approval for Virtual Asset Services in Dubai

The B2Prime Group subsidiary B2B Prime Digital MENA has obtained “Initial Approval” for licensing from the Dubai Virtual Assets Regulatory Authority (VARA), marking a noteworthy milestone. The foundation for complete virtual asset services in the area is laid by this breakthrough, even if operational permission is still required for the licensing procedure.

Initial permission has been given to B2B Prime Digital MENA for licenses covering “Virtual Asset Exchange Services,” “Virtual Asset Broker Dealer Services,” and “Virtual Asset Transfer and Settlement Services.” A significant step toward the company’s objective of becoming a Virtual Asset Service Provider (VASP) in Dubai is this accomplishment.

Eugenia Mykuliak, Founder of B2Prime, expressed her excitement about contributing to Dubai’s growing virtual assets ecosystem, stating, “We are excited to contribute to the growth of Dubai’s ever-growing Virtual assets ecosystem.”

Paving the Way for Future Virtual Asset Offerings

The initial approval provides B2B Prime Digital MENA the opportunity to advance in the licensing process and prepare for offering virtual asset services under the VASP License for Transfer & Settlement, Broker-Dealer, and Exchange, contingent on VARA’s operational approval.

“We are extremely proud and grateful to have received initial approval from VARA, which is a testament to our determination to maintain the highest standards in regulatory compliance,” remarked Mr. Arthur Azizov, Co-Founder of B2B Prime Digital MENA.

While celebrating the initial approval, B2B Prime Digital MENA remains committed to securing VARA’s prestigious Virtual Asset Service Provider license. Adriana Paredes Herrera, CEO of B2B Prime Digital MENA, expressed enthusiasm, saying, “This achievement has undoubtedly inspired us to pour our absolute best towards securing the Virtual Asset Service Provider license.”

For B2B Prime Digital MENA to conduct business in Dubai to the fullest extent possible, the process of getting the Virtual Asset Service Provider license must be completed successfully. The company’s goal is to launch cutting-edge goods and services to satisfy changing consumer expectations.

Strategically concentrating on the spot digital assets market, B2Prime Group sees growth in demand for trustworthy crypto Prime of Prime brokerage services. Through its cutting-edge platform, the firm hopes to offer a wide variety of assets, meeting the unique requirements of institutional and retail clients alike. This strategic objective is in keeping with B2Prime’s dedication to provide easy and safe access to virtual assets while scrupulously following VARA regulations.