Coinmena announced recently that it has qualified for and received the provisional license handed out by VARA. The license affirms Coinmena’s services within Dubai.
Founders of Coinmena, Talal Tabbaa and Dina Sam’an state that in their minds, VARA provides the best and most developed framework that secures the market while also allowing businesses to make progress in the field. The licensing is just the first step in Coinmena’s plans to strengthen business relationships with the UAE.
Moreover, some time before the announcement was made, it was revealed that Coinmena had successfully met the prerequisites to gain a license from Bahrain Central Bank and the EU.