• Aquanow, headquartered in Vancouver, Canada, receives the Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), a significant step towards its operational readiness in the Emirate’s crypto ecosystem.
• While currently non-operational, Aquanow’s acquisition of the VASP license underscores its commitment to fulfilling all regulatory requirements set by VARA, positioning it for future operations upon meeting these conditions.
• With extensive collaborations with global financial institutions since its establishment in 2018, Aquanow’s innovative solutions have played a pivotal role in shaping clients’ crypto strategies, further highlighting its readiness to leverage the VASP license for comprehensive services including broker-dealer, lending and borrowing, and management and investment services.

Dubai’s Virtual Assets Regulatory Authority (VARA) has granted Aquanow, a crypto infrastructure provider headquartered in Vancouver, Canada, its Virtual Asset Service Provider (VASP) license. 

The license, though currently non-operational, signifies Aquanow’s commitment to meeting all conditions and localization requirements set by VARA. 

Once these are fulfilled, the company can commence operations pending regulatory verification and approval. 

Aquanow has collaborated with global financial institutions, including top-tier banks, brokerages, payment service providers, and enterprises since its establishment in 2018. 

Its solutions have unlocked various crypto use cases and shaped clients’ crypto strategies.

 This license from VARA represents a significant milestone in Aquanow’s international expansion. 

With the VASP license, Aquanow can offer broker-dealer, lending and borrowing, and management and investment services, making it one of the most comprehensive licenses awarded to a VASP in the Emirate to date. The approval follows a rigorous application process and compliance with high standards set by VARA, reflecting the robust regulatory framework emerging in the United Arab Emirates.