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A crypto firm has received a full broker-dealer license in Dubai. A broker-dealer is a firm authorized to execute asset transactions as an intermediary for clients under a financial regulator's oversight.
Flowdesk, backed by Coinbase, obtained that clearance from VARA, Dubai's Virtual Assets Regulatory Authority, following an earlier authorization under MiCA, the European Union's crypto framework, in France.
What a full broker-dealer license covers A broker-dealer authorization is a specific classification, not a general permit to operate. The broker function means handling client orders and executing trades as an agent.
The dealer function means a firm can hold positions in assets for its own account. A "full" designation, as opposed to a limited or provisional one, generally covers both sides without narrowing the firm to one.
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