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The entities can engage in verifying and adding new transactions to the Blockchain (using methods such as proof-of-work and proof-of-stake) in order to generate Crypto assets and trade those assets on a proprietary level on exchange platforms. The permitted activities does not include providing services to 3rd parties, acting as exchange, providing brokerage services, financial services, banking services, peer to peer trades or payment processing.
Here, minimum share capital is required. It cannot be combined with any other activity and an undertaking letter is required. The crypto related activities are regulated by the Virtual Assets Regulatory Authority (VARA) and the entities can perform activities that are recognized by this authority.