FTX Subsidiary Approved by Regulators to Operate Fully in Dubai

Crypto exchange FTX's subsidiary FZE was issued Minimal Viable Product (MVP) license by Dubai's Virtual Asset Regulatory Authority (VARA) recently to be allowed to operate fully in the region. FZE has been approved to deploy regulated crypto derivatives products and trading services to qualified institutional investors, and can act as a clearing house, operate a NFT marketplace, and provide custodial services across the region. In March of this year, FTX received a partial license in Dubai.