Web3-driven ecosystem Fastex has received initial approval from the Virtual Assets Regulatory Authority of Dubai.
It is the first step towards Fastex earning a full regulatory licence and being able to undertake any virtual asset activity in and from the UAE.
Vigen Badalyan, the co-founder of Fastex, said the initial approval is a “step forward for the company to expand its reach in the Middle East and share the latest innovations in virtual assets.”
“We aim to provide the best platform in the Web3 landscape and VARA’s approval allows us to move forward and achieve results,” Badalyan added.
