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Prime broker LTP receives in-principle approval from Dubai Virtual Asset Regulatory Authority
According to Foresight News, global institutional prime broker LTP announced that its Dubai subsidiary Liquidity Fintech FZE has received an in-principle approval (IPA) as a Virtual Asset Service Provider (VASP) from the Dubai Virtual Asset Regulatory Authority (VARA). LTP said the approval will enable LTP to further expand its regulated business footprint in the UAE, provide virtual asset brokerage services through Liquidity Fintech FZE, and become the company’s regional hub for qualified and institutional investors in the Middle East.
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