Hex Trust obtains full operating license in Dubai

ChainCatcher news, according to CoinDesk, digital asset custodian Hex Trust has obtained a full operating license from the Dubai Virtual Assets Regulatory Authority (VARA).

It is reported that this operating license is the final approval of VARA's regulatory framework for crypto service providers, which came into effect earlier this year. Hex Trust received the minimum viable product (MVP) operating license approved by the regulator in February this year, and completing the final step of the licensing process enables the company to continue providing cryptocurrency custody services to institutional clients and qualified investors in Dubai.