PANews reported on October 14th that Liquidity Fintech FZE, the Dubai subsidiary of LTP (Liquidity Tech), received in-principle approval (IPA) for Virtual Asset Service Provider (VASP) status from the Dubai Virtual Asset Regulatory Authority (VARA). This approval allows the company to conduct virtual asset broker-dealer services in the UAE and serve as a regional hub for qualified and institutional investors in the Middle East. LTP stated that it will proceed with the full licensing application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the framework requirements between innovation and investor protection.