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Nomura’s Crypto Arm Obtained an Operating License from Dubai’s VARA!

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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Nomura’s crypto arm, Laser Digital Middle East FZE, has been granted a virtual asset service provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). The license allows the Dubai-based subsidiary to offer broker-dealer, virtual asset management, and investment services, as well as conduct trading and asset management operations such as over-the-counter (OTC) services, and a “range of digital asset investment products and solutions”. Dubai has gained recognition as a growing crypto ecosystem, with global attention drawn to its own virtual asset rules and regulatory body.

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