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XBASE Secures Active Crypto License from Dubai Regulator Amid Regional Tensions

XBASE Secures Active Crypto License from Dubai Regulator Amid Regional Tensions

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2026-03-26 08:13:55

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XBASE secures crypto license from Dubai regulator

DUBAI, March 26, 2026 – The Dubai Virtual Assets Regulatory Authority (VARA) has granted XBASE Virtual Assets Broker & Dealer Services LLC a fully active Virtual Asset Service Provider (VASP) license, enabling the firm to immediately offer spot OTC crypto trading to institutional and qualified investors. The approval, finalized despite ongoing regional tensions, marks a significant regulatory milestone for the RELM Group subsidiary, which received in-principle approval in October 2025 and reinforces Dubai's commitment to advancing its regulated digital asset ecosystem.

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