No UAE License
Neither entity is licensed or regulated by the Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), or the Virtual Assets Regulatory Authority (VARA). Cypher Proprietary Capital FZCO, a Dubai-registered entity within the same group, is authorised by VARA solely as a Virtual Asset Proprietary Trader. Cypher Proprietary Capital FZCO conducts proprietary trading using its own capital only and does not provide investment management, advisory, or any other services to third parties.