CFI Financial Group outlined the work still needed for CFIX to obtain a full Dubai virtual asset broker-dealer licence in a 9 November 2026 announcement. Dubai's VARA public register records an in-principle approval for CFIX VA Broker and Dealer Services LLC S.O.C issued on 29 September 2026.
The group says CFIX has its own governance and operating setup. Chief executive Ziad Melhem said work remains on leadership appointments, infrastructure, governance and regulatory controls. The company says virtual asset services will begin only after VARA grants a full Virtual Asset Service Provider licence.
CFI says the unit will draw on experience from 15 regulated entities and more than 25 years in financial markets. Its existing expansion in Brazil, Colombia and Bahrain is a separate part of the group's business.
Sources TradeInformer · Dubai VARA · FX News Group
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