The company secured in-principle approval for a Virtual Assets Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai, it said in a Wednesday (July 15) press release.

Subject to Revolut obtaining final regulatory approvals, this license will enable the company to offer broker-dealer, management and investment, and exchange services in the UAE through its retail app and its standalone exchange, RevolutX, according to the release.

“The UAE continues to demonstrate global leadership in establishing a robust and transparent framework for…