Diment VA Exchange Services DMCC has announced its initial approval from the Dubai Virtual Asset Regulatory Authority – VARA.
This initial approval marks a major milestone for Diment, setting the stage for future regional growth and development in the crypto space.
While the initial approval is a landmark achievement, it does not yet allow any virtual asset activity to commence in or from Dubai. Diment emphasizes that it is still in the process of obtaining the full VASP license and approval from VARA.
“Receiving initial VARA approval is a testament to our commitment to regulatory compliance,” said Max Weiland, CEO of Diment. “Diment is determined to launch in strict compliance with VARA requirements, ushering in a new era of secure and seamless access to the world of virtual assets and building a robust ecosystem that not only meets but exceeds industry standards, seeking to create a secure and efficient gateway to virtual assets for users Locally and Globally”.