WadzPay’s Milestone Approval
On October 31, WadzPay, a pioneer in facilitating virtual asset-based transactions, revealed that they have secured initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval propels them closer to the prestigious Virtual Asset Service Provider (VASP) License.
An Immense Honor
Following this approval, WadzPay is geared up to advance the preparations for offering virtual asset services under the coveted VASP License, specifically for Transfer & Settlement and Broker/Dealer activities.
Anish Jain, the founder and Group CEO of WadzPay, expressed immense honor and gratitude towards this recognition from VARA. He emphasized that this approval not only resonates with their commitment to delivering revolutionary blockchain-based solutions but also adheres to stringent regulatory standards, significantly contributing to the expanding fintech landscape in the UAE.
WadzPay: A Global Pioneer in Blockchain Technology
WadzPay Worldwide is continually recognized as a formidable global provider of blockchain-based technology. Its platform is hailed for secure, efficient, and transparent services, catering to the needs of both businesses and individual users.
Dubai: A Fertile Ground for Crypto Innovations
Dubai’s reputation as a “global hub for virtual asset innovations” is not unfounded. The city’s welcoming regulatory framework for virtual assets has attracted notable players in the crypto arena, such as BitGo, to express their interest in applying for a VASP license.
This VARA approval for WadzPay not only underscores the emirate’s progressive stance towards virtual asset regulations but also mirrors Dubai’s ambition to foster a conducive environment for fintech innovations, thereby magnetizing global fintech firms to establish their footprint in the UAE.
