Virtual Assets Lending Borrowing Services
For your Shuraa activity review, use code 6920-013 to identify Virtual Assets Lending Borrowing Services within DWTC Free Zone. Compare the supplied record with the work your company intends to undertake.
Activity code 6920-013
Listed activity name: Virtual Assets Lending Borrowing Services
- Activity code
- 6920-013
- Jurisdiction
- DWTC Free Zone
- Licence type
- Virtual Assets
- Group code
- 6920
Activity description
Includes firms engaged in carrying out a contract under which a Virtual Asset shall be transferred or lent from one or more parties "the Lender's" to one or more other party "the Borrower's" where the Borrower's shall commit to return the same, at the request of the Lender's, at any time either during or at the end of the period agreed upon, either to its interest or on behalf of others interest.
Additional requirements
Virtual Assets Regulatory Authority (VARA)
Authority reference: DWTC activities and licences. Confirm the latest scope and requirements with the authority.
Scope checks for your Shuraa consultation
- Write down the exact work your business will carry out and compare it with the supplied description above.
- Identify any parts of your operation that the description does not clearly address.
- Keep any approval notes with this activity code and ask which requirements apply before submitting an application.
Plan your next step with Shuraa
Bring this activity code to your Shuraa consultation to discuss the intended scope of work, jurisdiction choice and application requirements.
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