Revolut Wins Initial VARA Approval to Expand Crypto Services in UAE
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On June 15 Revolut received in-principle approval from Dubai’s VARA for a VASP license, enabling it to proceed toward offering regulated crypto brokerage and trading in the UAE pending final regulatory clearance. The milestone underscores Dubai’s clear crypto rules that are attracting fintech and digital asset firms and should boost regional adoption, Revolut’s expansion and market access in DeFi and centralized exchange markets.
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- Revolut moved closer to launching crypto services in the UAE after securing initial approval from Dubai’s VARA.
- The fintech plans to offer regulated crypto trading in the UAE once it receives final regulatory clearance.
- Dubai’s clear crypto rules continue to attract global fintech and digital asset companies to the UAE.
Revolut has moved closer to launching cryptocurrency services in the United Arab Emirates after receiving in-principle approval for a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
In a June 15 anouncement, the company said that the approval permits the fintech firm in the UK to proceed with its plans to provide brokerage and trading services for eligible customers, provided that it gets final regulatory approval.
The achievement follows an expansion by the UAE of its regulatory regime fo…
Read The Full Article Revolut Wins Initial VARA Approval to Expand Crypto Services in UAE On Coin Edition.
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