International Business Digital Technology Receives Regulatory Approval for UAE Operations

Hong Kong-listed International Business Digital Technology (IBDT) has received a crucial regulatory nod from the UAE federal authority, granting preliminary approval for its subsidiary IBDT Platform to operate within the country’s financial ecosystem. This approval opens doors for IBDT Platform to launch virtual asset brokerage, virtual asset custody, and virtual asset platform operations as part of its commercial license. 90% of IBDT Platform is owned by IBDT itself, with the remaining 10% held by an independent third party, and the platform’s financial performance will be incorporated into IBDT’s overall financial statements.