LTP receives in-principle approval as a Virtual Asset Service Provider from Dubai VARA

ChainCatcher reported that Liquidity Fintech FZE, the Dubai subsidiary of LTP (Liquidity Tech), has received "in-principle approval" (IPA) as a Virtual Asset Service Provider (VASP) from the Dubai Virtual Assets Regulatory Authority (VARA). This approval allows it to conduct virtual asset brokerage and proprietary trading business in the UAE, and to serve qualified and institutional investors as a regional hub in the Middle East.

LTP stated that it will proceed with the full license application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the framework requirements between innovation and investor protection.