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Deribit Secures Conditional VASP License from VARA, Relocates HQ to Dubai to Expand Global Presence
Deribit, the leading crypto derivatives trading platform, has secured a provisional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA) on April 2nd, 2024. This move shows Deribit’s intention to work under a structured system, but for now, the platform is non-operational because it has not yet met all the other conditions set by VARA.
Hong Kong institution GF Securities this year released the first Commercial Paper tokenized security applicable to local laws, issued on Ethereum. The Hong Kong SFC recently stated that security token issuance and RWA investment may be open to retail investors.…
— Wu Blockchain (@WuBlockchain) April 2, 2024
The approval comes with the shift of Deribit’s worldwide headquarters to Dubai and the appointment of a new CEO, Luuk Strijers. With extensive expertise in product dev
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