FZE, the subsidiary of billionaire Sam Bankman-Fried crypto exchange FTX, became the recipient of Dubais first Minimal Viable Product (MVP) License. The operating license, which was issued by the Virtual Asset Regulatory Authority (VARA), will allow the crypto exchange to operate in the region. On Friday, FTX Exchange FZE announced that it received the MVP license to operate its crypto exchange and clearing house services in Dubai. The company added that it is the first virtual asset service provider (VASP) to receive the license. VARA operates under the Dubai World Trade Centre…
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