Cregis Custody FZE Secures Initial Permission from Dubai VARA

Cregis Custody FZE obtained Initial Permission from VARA, advancing its VASP license application. Final approval pending remaining regulatory compliance for custody services.

Woofun AI reports that Cregis Custody FZE has secured an Initial Permission (IPA) from the Virtual Assets Regulatory Authority (VARA) in Dubai. This development represents a key step in the firm's pursuit of a Virtual Asset Service Provider (VASP) license. Upon satisfying outstanding regulatory conditions and receiving final authorization, the entity will be permitted to provide regulated digital asset custody solutions.