CFI’s Dubai crypto brokerage division CFIX receives in-principle approval from VARA

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CFIX, CFI Financial Group’s Dubai crypto division, has received in-principle approval from VARA to provide virtual asset broker-dealer services, but must obtain a full license before it can commence operations or serve clients. Conditions for approval include finalizing leadership appointments, operational infrastructure, governance arrangements and regulatory controls; VARA’s register shows the approval date as September 29.