Digital asset custodian Hex Trust obtains full operating license in Dubai

Digital asset custodian Hex Trust has obtained a full operational license from the Dubai Virtual Asset Regulatory Authority (VARA). This operational license is VARA's final approval of the regulatory system for cryptocurrency service providers, which came into effect earlier this year. In February of this year, Hex Trust obtained the minimum viable product (MVP) operational license approved by the regulatory agency. Completing the final step of the licensing process allows it to continue to provide cryptocurrency custody services to institutional clients and qualified investors in Dubai. (CoinDesk)