Unlock Exclusive Dubai-Approved Web3 Opportunities with MANTRA Revolutionizing Assets
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MANTRA Secures a License From Dubai’s VARA to Operate as a Virtual Asset Exchange
MANTRA, a decentralized finance (DeFi) platform, has secured a significant milestone by obtaining a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This crucial approval enables MANTRA to operate as a Virtual Asset Exchange, further solidifying its position within the Web3 ecosystem.
According to an official announcement, MANTRA’s new VASP license underscores the company’s unwavering commitment to compliance, security, and innovation in the virtual asset space. The platform has been working diligently to expand its global footprint, and this development marks a crucial step towards achieving that goal.
The CEO of MANTRA, John Patrick Mullin, shared his thoughts on the matter, highlighting Dubai’s forward-thinking regulatory framework as a major catalyst for the company’s success. “Dubai and VARA have set the standard for crypto regulation,” he stated. “This license was essential for our global expansion plans and sets us up to deliver unique DeFi products that bridge the gap between decentralized finance and traditional financial services.”
MANTRA is planning to leverage its new VASP license to launch a range of innovative DeFi products designed specifically with institutional and qualified investors in mind. These offerings will be built around strict adherence to regional regulations and international policy frameworks, ensuring maximum protection for users.
It’s worth noting that MANTRA has already made headlines due to the impressive performance of its native token, OM. The asset has seen a remarkable 3,000% year-to-date price increase, recently reaching an all-time high of nearly $7.90. Some market analysts have speculated about potential future price movements for OM, with some predicting further growth in the short term.
The news comes at a pivotal moment for MANTRA as it cements its position within the rapidly evolving DeFi landscape.
Source: cryptopotato.com
