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Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA Approval for Dubai Crypto Operations The crypto lender Nexo received a provisional “Initial Approval [IA]” […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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