{"id":25627,"date":"2024-01-16T09:13:25","date_gmt":"2024-01-16T09:13:25","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/okx-secures-vasp-license-from-dubais-vara\/"},"modified":"2024-01-16T09:13:25","modified_gmt":"2024-01-16T09:13:25","slug":"okx-secures-vasp-license-from-dubais-vara","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/okx-secures-vasp-license-from-dubais-vara\/","title":{"rendered":"OKX secures VASP license from Dubai&#8217;s VARA"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705394388920-6f22f1e4-7235-4373-a355-0e37312f24c5-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705394388920-6f22f1e4-7235-4373-a355-0e37312f24c5-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705394388920-6f22f1e4-7235-4373-a355-0e37312f24c5-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705394388920-6f22f1e4-7235-4373-a355-0e37312f24c5-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">The VASP license remains non-operational until OKX fulfills specific conditions.<\/li>\n<li dir=\"ltr\">However, once granted, it will allow OKX to offer virtual assets exchange services to institutional and qualified retail customers.<\/li>\n<\/ul>\n<p dir=\"ltr\">Crypto exchange <a href=\"https:\/\/coinjournal.net\/news\/okx-review-a-one-stop-platform-for-crypto-defi-dapps-nfts-and-gamefi\/\">OKX<\/a> has announced that its subsidiary, OKX Middle East Fintech FZE, has received the Virtual Asset Service Provider (VASP) license from <a href=\"https:\/\/coinjournal.net\/news\/tag\/dubai\/\">Dubai<\/a>\u2019s Virtual Assets Regulatory Authority (VARA).<\/p>\n<p dir=\"ltr\">The VASP license will allow OKX Middle East to offer its regulated virtual assets services and products, including spot trading pairs to qualified customers, the company said in a <a href=\"https:\/\/www.okx.com\/learn\/okx-granted-vasp-license-in-dubai\" rel=\"noopener noreferrer\" target=\"_blank\"><u>press release<\/u><\/a>.<\/p>\n<p dir=\"ltr\">\u00a0\u201c<em>T<\/em><em>his license was a crucial step for OKX as we move from a trust-based system to one that is trustless and empowers users to take control of their financial future. Dubai is an important market for us, and we\u2019re excited to build strong relationships with our users and contribute to the development of its crypto and Web3 ecosystem<\/em>,\u201d OKX global head of government relations, Tim Byun noted.<\/p>\n<h2 dir=\"ltr\">VASP license currently non-operational<\/h2>\n<p dir=\"ltr\">According to OKX, the license is currently non-operational as the exchange looks to fully satisfy \u201call remaining conditions and select localisation requirements defined by VARA.\u201d Once it meets the re-verification and approval requirements, it will commence its operations.<\/p>\n<p dir=\"ltr\">\u201c<em>This license is a game-changer. Once operational approval has been received, the VASP Licence will allow OKX Middle East to offer regulated virtual asset exchange services activities including spot and fiat trading services, AED deposits and withdrawals, and spot trading-pairs. These services will be available to retail and institutional users in-market via the OKX App and OKX.com Exchange<\/em>,\u201d <a href=\"https:\/\/www.okx.com\/learn\/okx-opens-a-new-chapter-in-dubai-with-varavasp-license\" rel=\"noopener noreferrer\" target=\"_blank\"><u>said<\/u><\/a> Rifad Mahasneh, General Manager at OKX MENA.<\/p>\n<p>OKX\u2019s expansion efforts have included application for registration as a Digital Asset Service Provider (DASP) in France and <a href=\"https:\/\/coinjournal.net\/news\/okx-plans-to-open-an-office-in-turkey\/\">plans for an office in T\u00fcrkiye<\/a>.\u00a0<\/p>\n<p>The exchange also recently appointed Guilherme Sacamone as the General Manager for OKX in Brazil.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/okx-secures-vasp-license-from-dubais-vara\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The VASP license remains non-operational until OKX fulfills specific conditions. However, once granted, it will allow OKX to offer virtual assets exchange services to institutional and qualified retail customers. Crypto exchange OKX has announced that its subsidiary, OKX Middle East Fintech FZE, has [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25627"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25627"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25628"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}