# @bazaartimes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DWpCSMGjjk5
- **Gondola URL:** https://gondola.cc/posts/62317157-bazaartimes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/290a78e1bf.jpg
- **Posted:** 2026-04-02T19:35:27.000+00:00
- **Account Owner:** Bazaar Times (@bazaartimes) — https://gondola.cc/bazaartimes

## Caption

XBASE Virtual Assets Broker & Dealer Services LLC, operating as Relm and a subsidiary of XBD Group, has received its full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
The license authorises Relm to operate as a regulated virtual assets broker-dealer in the UAE, permitting the company to provide compliant digital asset trading and over-the-counter (#OTC) services to institutional clients, enterprises, and qualified counterparties operating in and through the region.

This approval follows Relm’s #successful completion of VARA’s licensing process, including its earlier In-Principle Approval (IPA), and confirms that Relm has met all regulatory, governance, #risk, and operational requirements under Dubai’s virtual assets framework.

With the issuance of the #VASPlicense, Relm is now authorised to onboard clients and commence regulated operations from Dubai, operating within VARA’s comprehensive regulatory framework that has positioned the Emirate as one of the world’s leading jurisdictions for compliant digital asset activity.

Zeeshan Uppal, CEO at Relm UAE, said: “Receiving our full VARA VASP license is a major milestone for Relm and a clear validation of our compliance-first approach.The UAE has set a global benchmark for regulating digital assets, with clarity, rigor, and ambition. VARA’s framework gives institutions the confidence to deal with digital assets at scale, and we are proud to be part of that ecosystem as a fully licensed broker-dealer.”

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## Tags

risk, successful, otc, vasplicense

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