Cregis Custody FZE, a digital asset custodian, announced it has received an in-principle approval (IPA) from Dubai's Virtual Assets Regulatory Authority (VARA). This marks a key milestone in its application for a Virtual Asset Service Provider (VASP) license. Upon satisfying remaining regulatory requirements and obtaining final authorization, the company will offer regulated digital asset custody services.
Cregis Custody FZE said it has secured in-principle approval (IPA) from Dubai's Virtual Assets Regulatory Authority (VARA). A big step, and it moves the firm's application for a Virtual Asset Service Provider (VASP) license further along.
Once it meets the remaining regulatory requirements and gets final approval, Cregis Custody FZE plans to launch regulated digital asset custody services.
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