Key Takeaways
- Kraken secured preliminary VARA approval to expand crypto services in the UAE.
- Dubai’s crypto rules are attracting exchanges as global firms seek regulatory clarity.
- Kraken plans UAE staking, OTC, and derivatives services pending final approvals.
Payward Gains UAE Crypto License Approval as Kraken Deepens Middle East Push
Kraken is preparing to deepen its presence in the Middle East after securing preliminary approval from Dubai’s Virtual Asset Regulatory Authority (VARA), marking another milestone in the United Arab Emirates’ push to become a global center for digital assets.
Payward, the financial infrastructure company behind Kraken, said it received initial authorization for a broker-dealer, investment, and…
