Crypto Exchange Deribit’s Dubai-Based Entity Wins Conditional VASP License

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Atmosphere (Shutterstock/CoinDesk)

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The VASP license is mandatory and a prerequisite for conducting virtual asset business in Dubai. According to White & Case, the license, once obtained, is valid for one year and must be renewed annually. The exchange said it will soon announce plans, terms, and the exact time to start operating under the new licensed entity.

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