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WadzPay Secures VASP License from Dubai’s Virtual Assets Regulatory Authority
In a groundbreaking move, WadzPay has successfully secured a Virtual Asset Service Provider (VASP) license from the Dubai-based Virtual Assets Regulatory Authority (VARA). This monumental achievement marks a significant milestone for the fintech company and solidifies its position as a leader in blockchain technology.
While the license remains non-operational until final conditions are met, WadzPay is now poised to launch regulated virtual asset services across the Middle East. The company’s ultimate goal is to revolutionize digital transactions with secure blockchain-based solutions that cater to businesses and customers alike.
The VASP license approval signals a major breakthrough for WadzPay in its mission to redefine the financial landscape by leveraging cutting-edge technology. As highlighted by Founder and CEO Anish Jain, this accomplishment underscores the company’s commitment to innovation and regulatory compliance. The approval will enable WadzPay to offer broker-dealer services for virtual assets, further solidifying its presence as a trusted provider of blockchain-based financial solutions.
As the industry leader in digital transactions, WadzPay’s VASP license is a testament to the company’s dedication to providing smoother, safer, and more efficient transactions. This breakthrough strengthens trust in blockchain technology while accelerating growth in the digital asset market within the region.
WadzPay’s Board Member and Group Director, Ram Chari, emphasized that this approval has solidified the company as a trusted provider of blockchain-based financial services. The team remains focused on enhancing user experiences by offering innovative, secure, and efficient solutions.
Meanwhile, President of MENA and Europe, Khaled Moharem, hailed the license as a validation of WadzPay’s tireless efforts to deliver transformative solutions that inspire customer confidence and promote compliance in the digital asset industry.
Source: cryptonewsland.com
