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Kraken re-enters the UAE with preliminary license from VARA Dubai
May 22, 2026
< 1 min read
by Lara Abdul Malak
for CryptoPolitan
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Payward, parent company of Kraken, received in-principle approval from Dubai's Virtual Asset Regulatory Authority for a crypto broker, investment and asset management offering, arriving years after Kraken closed its UAE office following an ADGM license. The regulatory milestone boosts regional market access and crypto adoption potential for Kraken/Payward, while the in-principle status remains conditional pending final licensing.
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Payward, a unified financial infrastructure platform and the parent company of Kraken, has received an in-principle approval for a license through Dubai’s Virtual Asset Regulatory Authority for a crypto broker service, investment, and management offering. This comes years after Kraken closed its office in the UAE after receiving its license from ADGM. As per the...
