TechFlow news, according to The Block, crypto wallet company Backpack has announced it obtained a license from Dubai's Virtual Assets Regulatory Authority (VARA), and plans to launch a cryptocurrency exchange named Backpack Exchange.
The exchange will adopt advanced technologies such as zero-knowledge proofs and multi-party computation to enhance security and efficiency.
The new exchange is scheduled to begin testing in November 2023 and open to the public in the first quarter of 2024.




