International Business Digital Technology's Affiliate Receives Initial Approval for Virtual Asset Activities in UAE

Reuters

2025/09/09

International Business Digital Technology's Affiliate Receives Initial Approval for Virtual Asset Activities in UAE

International Business Digital Technology Limited has announced that its affiliate, IBDT Operating Virtual Asset Platform - L.L.C, based in the United Arab Emirates, has received initial approval from the Securities and Commodities Authority. This approval pertains to license applications for engaging in virtual asset brokerage activities, custodial services, and platform operations. While this marks a significant step forward, the affiliate must still comply with additional regulatory requirements set by the SCA before obtaining formal licenses. The company is committed to completing the necessary follow-up procedures in collaboration with the regulatory body. Additionally, International Business Digital Technology Limited has introduced a new company logo, marking a fresh chapter in its corporate identity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Business Digital Technology Ltd. published the original content used to generate this news brief on September 09, 2025, and is solely responsible for the information contained therein.

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