CRYPTORESTRICTIONS

Licensing

Kraken wins preliminary VARA approval in Dubai

Dubai's VARA gives Kraken's parent Payward preliminary approval for broker-dealer and investment management licences.

First reported by Brian Danga and edited by James Hunt, The Block,

By CryptoRestrictions Research DeskReviewed by CryptoRestrictions Editorial ReviewUnited Arab EmiratesAvailable

Dubai’s Virtual Assets Regulatory Authority gave Kraken’s parent Payward preliminary approval for broker-dealer and investment management licences. The approval is a step toward a full licence, not the licence itself.

What changes in our data

The UAE stays available for Kraken at medium confidence (not on its do-not-serve list); the approval is recorded as preliminary in the licence list.

Current verified status

Live data from the restrictions dataset for the platforms and countries named in this update.

PlatformCountryStatus
KrakenUnited Arab EmiratesAvailable

Source

theblock.co ↗

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