Digital asset custodian Hex Trust has received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA).
The operating license is VARA’s final approval of the regulatory regime for crypto service providers, which came into effect earlier this year. Hex Trust received regulatory approval for its Minimum Viable Product (MVP) operating license in February this year, completing the final step in the licensing process to enable it to continue providing cryptocurrency custody services to institutional clients and accredited investors in Dubai. (CoinDesk)