The license application submitted by International Business Digital Technology (01782) regarding virtual asset brokerage activities, virtual asset custody activities, and virtual asset platform operation activities in the UAE has been preliminarily approved.
Zhtng Cijng APP news, International Business Digital Technology (01782) released an announcement that the company's non-wholly owned subsidiary IBDT OPERATING VIRTUAL ASSET PLATFORML.L.C (IBDT Platform) established in the United Arab Emirates (UAE) has officially received an unobjectionable letter issued by the UAE federal regulatory agencySecurities and Commodities Authority (SCA). This letter constitutes preliminary approval for the following businesses: virtual asset brokers, virtual asset custodians, and virtual asset platform operators to be included in the company's commercial license scope. As of the date of this announcement, IBDT Platform is 90% owned by the company, with the remaining 10% held by an independent third party, and the financial performance of IBDT Platform will be consolidated into the company's comprehensive financial statements.
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