Virtual Asset Services are provided only for the virtual assets supported by Fastex Exchange FZE (“Fastex”). The list of supported assets may change periodically. Users must not attempt to use their accounts to store, send, request, or receive unsupported virtual assets.

Fastex takes all reasonable measures, including, but not limited to due diligence process, to ensure that all virtual assets listed comply with its Virtual Asset Standards before and during the provision of virtual asset activities.

The following factors, though not exhaustive, outline some considerations in the due diligence process for prospective virtual asset listings:

1. Market capitalization, fully diluted value and liquidity, and whether such metrics have trended downwards over time;
2. Design, features, utility, value proposition, and current transferability as intended by the issuer or relevant developers.
3. Features that may impact compliance with UAE laws, regulations, rules, or directives, including but not limited to AML/CFT, sanctions, securities, and intellectual property.
4. Regulatory treatment by Dubai Virtual Assets Regulatory Authority (VARA) and other relevant authorities, including whether the virtual asset's issuance has received regulatory approvals and whether it may constitute a regulated financial product under other jurisdictions' laws.
5. Whether the virtual asset is prohibited by VARA or other relevant authorities in jurisdictions where Fastex or related entities operate.
6. The security and immutability of the underlying DLT protocol.
7. Information about the development team, including current and future product development plans as communicated by the issuer and/or developers.
8. Associated products or platforms with which the virtual asset can be used.
9. Susceptibility to price manipulation and relevant mitigations implemented by Fastex.
10. Potential or actual conflicts of interest in providing virtual asset activities and relevant mitigations.
11. Background and experience of beneficial owners and the issuer in the virtual asset sector, including any investigations or claims related to fraud or deceit.
12. Enforceability of rights if the virtual asset represents other assets.
13. Availability of sufficient assets to meet obligations related to any virtual asset activities.
14. Review of terms and conditions, ensuring they reflect underlying physical market operations (if applicable) and conform to market standards and practices.
15. Details of previously completed, ongoing, and/or planned sales or offerings of the virtual asset.

Fastex continuously gathers and reviews information to ensure that listed virtual assets meet its standards. Decisions on virtual assets are made at Fastex's discretion, including whether to:

1. Approve the listing;
2. Request additional information; or
3. Reject the listing if the risks are deemed too high.

Regarding discrepancies in regulatory treatment, Fastex will disclose on its website if a virtual asset is prohibited in a specific jurisdiction, with references to the relevant authorities. If Fastex decides to delist a virtual asset, it will follow its listing policy process, including notifying customers and VARA.