LIMINAL has received preliminary approval for digital asset custody services from VARA, Dubai's virtual asset regulator, through its Dubai entity FIRST ANSWER CUSTODY FZE. The company will now work towards obtaining a full virtual asset service provider license. Once the full VASP license is obtained, LIMINAL will oversee its custody business in the Middle East, including compliance and security protocols, risk management and audit procedures to protect customer assets.

Odaily Planet Daily News: Digital asset custodian Liminal has obtained preliminary approval for its digital asset custody services from Dubai's virtual asset regulator VARA through its Dubai entity First Answer Custody FZE.
The company will now work to obtain a full virtual asset service provider license from VARA. Once Liminal obtains a full VASP license, its team will oversee its custody business in the Middle East, which includes overseeing compliance and security protocols, risk management and audit procedures to protect customer assets. (Finance Feeds)

LIMINAL receives preliminary approval for digital asset custody services in Dubai