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Fastex receives initial approval from VARA

Fastex receives initial approval from VARA

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Fastex, the complete Web3-driven ecosystem, has received initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA).

While this does not yet allow Fastex to undertake any virtual asset activity in and from the Emirate of Dubai, it is the first step in Fastex securing a full regulatory licence.

Vigen Badalyan, co-founder of Fastex, says: “This approval is a hugely significant accomplishment for Fastex. It is a step forward for the company to expand its reach in the Middle East and share the latest innovations in virtual assets.

“We aim to provide the best platform in the Web3 landscape and VARA’s approval allows us to move forward and achieve results.

“We are honoured to receive this initial approval from VARA, it is a testament to the hard work and dedication of our team, and it reinforces our vision of creating a seamless and reliable ecosystem for our users.”