Big news for cryptocurrency! A company called Mantra Finance just got a special license in Dubai to work with digital money. This means they can help businesses and investors use cryptocurrency in the United Arab Emirates and other nearby countries. It's like getting permission to open a crypto bank!
- Mantra Finance got a license from Dubai's government to handle crypto.
- They can now help big companies use crypto for investments.
- Dubai is becoming a really important place for cryptocurrency businesses.
- Mantra will help bring billions of dollars worth of assets into the crypto world.
| Fact | Details |
|---|---|
| License | Mantra Finance received a VASP license from Dubai's VARA. |
| Goal | To connect traditional finance with crypto (DeFi). |
| Focus | Initially working with large investors, later expanding to smaller ones. |
| Amount | Billions of dollars in assets will be moved to blockchain. |
