The Virtual Assets Regulatory Authority (VARA) in the UAE has not issued any operating permit to any crypto exchange to date, the country’s digital economy minister Omar Sultan Al Olama has said. Speaking at the World Economic Forum (WEF), Al Olama reportedly said that no crypto exchange entity including Binance and FTX has been granted the full market product (FMP) license. As per Al Olama’s remarks published on Laraontheblock, no crypto is yet to complete the VARA’s four-step process. Accordingly, this means “no one was able to onboard any customers even last week.” UAE Granted Only Provisional Operating Permit to Binance and The post UAE Denies Granting Operating Permit to Any Virtual Asset Service Provider appeared first on Cryptoknowmics-Crypto News and Media Platform .
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