• Revolut received in-principle approval to offer crypto services in the UAE.
• The approval moves the fintech closer to launching regulated digital asset products.
• The company plans to expand its crypto business through its app and Revolut X.

Revolut received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer crypto services in the United Arab Emirates.

The approval allows Revolut to prepare broker-dealer, exchange, management and investment services, subject to receiving final regulatory approval.

“This approval lays the foundation for Revolut to introduce its trusted virtual asset services within a regulated environment,” said Revolut Digital Assets UAE Head Joseph Khair.

Revolut said eligible customers…