The Virtual Assets Regulatory Authority (VARA) has released an updated Custody Services Rulebook that allows Custody Services providers to engage in staking activities, subject to the stipulated criteria outlined in the revised rulebook.
Therefore, Virtual Asset Service Providers (VASPs) with valid licenses for Custody Services are now authorized, following specific approval from VARA, to offer staking services to their clients without needing a separate VA Management and Investment Services license.
Nevertheless, the provision of this additional service will require the payment of extra licensing fees for supervision.
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