Dubai's VARA Grants License to Backpack for Crypto Exchange

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Dubai's VARA Grants License for Backpack Exchange Launch
Dubai's VARA grants a crypto exchange license to crypto Wallet Backpack, resulting in the launch of Backpack Exchange. The license is limited to crypto exchange services in Dubai.

The crypto exchange includes features like zero-knowledge proofs, multi-party computation, and low-latency order execution. Backpack aims to enhance transparency and compliance in the crypto industry and plans to introduce more trading features in the future.

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