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A Category 5 license, which is a formal authorization defining the exact scope of financial services a firm may offer under a regulator's supervision, has been granted to BitDelta Securities by the UAE Capital Market Authority.
The award completes the firm's licensing process with that authority. BitDelta has also opened a fully operational office in Business Bay, Dubai.
What the license category means Financial regulators do not issue single, all-purpose approvals.
They issue licenses organized by category, with each category defining which services a firm may offer and to which clients.
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