LCT, an innovative fintech company based in Dubai, announced its inclusion in the Public Register of Dubai's Virtual Assets Regulatory Authority (VARA). The company has received In-Principle (Non-Operational) Approval for a Virtual Asset Service Provider (VASP) license.
LCT's Registration with VARA
LCT, headquartered in Dubai, proudly announces its inclusion in the public register of VARA. This step marks a significant milestone in the company's journey toward full compliance with the stringent regulatory standards of VARA.
Significance of In-Principle Approval
The In-Principle Approval underscores LCT’s commitment to adhering to VARA’s forward-thinking regulatory framework, which fosters responsible participation in the crypto landscape. "Securing VARA’s In-Principle Approval is a defining moment for LCT," said Sonia Shaw, CEO of LCT. "It affirms our steadfast commitment to compliance, transparency, and innovation".
Dubai's Role in Crypto Industry Development
This achievement highlights Dubai’s role as a global hub for innovation in the crypto industry, attracting cutting-edge firms like LCT that are dedicated to transparency and operational excellence.
LCT strengthens its position within the crypto ecosystem by seamlessly combining advanced technology with a focus on reliability and accessibility, poised to deliver secure, world-class crypto solutions to its clients and stakeholders.
