License granted.
Bitcoin $BTC is trading at 83,430.87 USDT, down 0.41% over the past 24 hours. On October 14, Standard Chartered disclosed that it had received an operating license from the UAE Virtual Assets Regulatory Authority (VARA), and had launched trading for professional investors and affluent clients, covering $BTC and Ethereum $ETH .
Trades are made through existing Standard Chartered accounts, with fiat currency and spot assets shown in the same banking interface. There is no need to use a third-party exchange to deposit or withdraw funds, or to manage private keys yourself.
Previously, private banking clients typically accessed these assets through offshore platforms, Grayscale trusts, or spot ETFs and over-the-counter derivatives via securities accounts. Bringing these services into bank accounts removes a step from the deposit and withdrawal process; prices have barely moved in response to the news.
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