Wadzpay receives approval from Dubai’s Virtual Assets Regulatory Authority
In a press release dated Oct 31., WadzPay, a technology provider that facilitates virtual asset-based payments has shared the news that they have initial approval from Duba’s Virtual Assets Regulatory Authority (VARA), the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities. This approval brings WadzPay one step closer to receiving the Virtual Asset Service Provider (VASP) License. An immense honor With this approval , WadzPay will not be in a place to continue preparations for the provision of virtual asset services under the VASP License for Transfer & Settlement and Broker/Dealer activities. “We are immensely honored to have received initial approval from VARA. This recognition reaffirms our commitment to delivering cutting-edge blockchain-based solutions that not only revolutionize but also adhere to the highest regulatory standards. We are grateful for the opportunity to contribute to the growth of the fintech ecosystem in t...