TechFlow reports that cryptocurrency exchange and Web3 technology company OKX has announced its Middle East affiliate, OKX Middle East, has officially received a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). The license will become effective once OKX Middle East fulfills all remaining conditions and specific localization requirements set by VARA. Upon regulatory review and approval, OKX Middle East will officially commence operations.
Once operational, the VASP license will allow OKX Middle East to expand its approved range of regulated virtual asset activities, offering spot trading services to institutional and qualified retail clients through the OKX app and OKX.com.
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