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MANTRA Finance, a decentralized finance (DeFi) platform, has successfully acquired a Virtual Asset Service Provider (VASP) license in the United Arab Emirates (UAE). This remarkable achievement marks a great step towards international growth and the enhancement of financial services in the blockchain space.
Securing a VASP license in the UAE will provide MANTRA Finance with the legal authority to operate a cryptocurrency platform, facilitate transactions, and offer other related services. This significant milestone will aid in boosting the company’s status in the global blockchain market, building customer trust, ensuring compliance, and providing high standards of security for transactions.
DeFi, synonymous with ‘open finance’, is a financial infrastructure built on blockchain technology and it is emerging as a significant trend in the finance industry. MANTRA Finance is committed to serving global users through the innovative use of blockchain technology, and it’s VASP licensure under the UAE’s regulatory regime will enhance user protection and security.
Established with the aim to reshape and redefine the world of finance, MANTRA Finance incorporates blockchain and smart contracts into its operations, providing users with the benefits of blockchain’s transparency, reliability, and convenience. The attainment of the VASP licence in the UAE signifies the platform’s ambition to leverage and lead the DeFi space worldwide.
Source: CoinJournal
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