CySEC Regulated Broker B2Prime Obtained Initial Approval in Dubai

B2Prime Group, an institutional liquidity services provider, is venturing into the virtual assets arena, securing an “Initial Approval” for licensing from the Dubai Virtual Assets Regulatory Authority (VARA).

This initial endorsement stands as a pivotal milestone towards obtaining a complete Virtual Asset Service Provider (VASP) License, enabling B2Prime Group's subsidiary, B2B Prime Digital MENA, to progress through the licensing procedure.

The granted licenses encompass a spectrum of activities, including “Virtual Asset Exchange Services,” “Virtual Asset Broker Dealer Services,” and “Virtual Asset Transfer and Settlement Services.” B2B Prime Digital MENA is gearing up to introduce these services to the Dubai market, targeting both retail and institutional clientele.

VARA's approval empowers B2B Prime Digital MENA to move forward in delivering comprehensive virtual asset services under the anticipated VASP License. However, the operationalization of these services is contingent on meeting pre-operating conditions and securing operational approval from VARA.

Co-Founder of B2B Prime Digital MENA, Arthur Azizov, conveyed that they have developed a powerful ecosystem surpassing industry standard, ensuring a secure gateway to virtual assets. They express readiness to progress in the licensing process, strictly adhering to VARAs guidelines.

CEO of B2B Prime Digital MENA, Adriana Paredes Herrera, contributed that the long-awaited Initial Approval for all three licenses, especially the Transfer and Settlement License, has brought immense joy to the entire team. This accomplishment serves as inspiration to dedicate their utmost efforts towards obtaining the Virtual Asset Service Provider license.

B2Prime, based in Cyprus, operates as a financial institution registered and supervised by CySEC and is affiliated with broker technology provider B2Broker. The proprietors of B2Prime are Artur Azizov, Founder and CEO of B2Broker Group, and Evgenia Mikulyak, co-founder of B2Broker Group.

B2Broker, headquartered in Moscow, boasts ten offices across eight locations, spanning Russia, Europe, Asia, the Middle East, and North Africa. With seven licenses, including the FCA, AEMI, and the Central Bank of Russia, B2Broker serves clients in over 50 countries, providing Forex liquidity distribution and an array of services to the Forex, Crypto, and Securities sectors. The group has cultivated a substantial portfolio of globally recognized financial services clients, expanding corporate representation and exposure worldwide.