Q9 Gets Provisional Approval to Establish a Regional Crypto Hub in Dubai

Q9 Gets Provisional Approval to Establish a Regional Crypto Hub in Dubai

Crypto investment platform Q9 Capital announced that it has received provisional approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to establish a regional hub in the UAE.

Q9 is also in the process of applying for a full operating license which, once received, will allow it to extend products and services to qualified investors and financial service providers.

Founded in 2020 and headquartered in Hong Kong, Q9’s platform offers cryptocurrency trading and investment services, as well as white label solutions for institutions.

Q9 Capital joins other VARA provisional asset licensees such as Huobi and Crypto.com, as well as Binance which was awarded a full operating license last month.

VARA was established in March 2022 under the Dubai Virtual Asset Regulation Law, responsible for licensing and regulating the sector across all of Dubai except the Dubai International Financial Centre (DIFC).

James Quinn

James Quinn

“Dubai’s Virtual Assets Regulatory Authority is a testament to the country’s forward-looking stance on digital assets and its willingness to support the industry through collaboration.

 

We look forward to participating in the authority’s robust compliance framework and continue building partnerships as we expand our presence in Dubai to roll out additional services and enhanced products for the region,”

said James Quinn, Managing Partner of Q9.

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