Dubai Gives Provisional Approval to Crypto Investment Firm Q9 Capital

Dubai continues to solidify its position as a global hub for cryptocurrency and Web3 innovation. A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). This significant development further underscores Dubai's commitment to fostering a regulated and thriving digital asset ecosystem.

Dubai, United Arab Emirates – Q9 Capital, a leading crypto investment platform, announces today that it has received a provisional virtual asset (VA) approval from VARA. Joining the growing list of web3 and cryptocurrency-related businesses in Dubai is Q9 Capital, a Hong Kong-based crypto investment firm. The firm has successfully navigated the initial stages of VARA's licensing process, signaling a commitment to adhering to the region's stringent regulatory standards.

This provisional approval allows Q9 Capital to further develop its offerings within Dubai's VA sector, subject to fulfilling VARA's remaining requirements and ultimately securing a full operating license. It’s a testament to Q9 Capital’s robust business model and dedication to compliance within the rapidly evolving cryptocurrency landscape.

The move mirrors similar actions taken by VARA, like when, in June 2025, the exchange received provisional approval under VARA’s MVP (Minimum Viable Product) licensing program. This initial license allowed Crypto.com to begin offering limited services while working towards full operational authorization. Q9 Capital's journey reflects this phased approach, ensuring a secure and compliant environment for investors.

This latest approval highlights Dubai's proactive stance on attracting innovative crypto companies and establishing itself as a leading jurisdiction for virtual asset activities. Keep checking back for updates on Q9 Capital's progress and other developments in Dubai's burgeoning crypto sector.