Crypto Exchange Kraken Secures VARA License to Launch in Dubai
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Kraken's parent company secures preliminary broker-dealer and investment management authorization from Dubai's Virtual Asset Regulatory Authority, paving the way for Kraken to launch in Dubai. The VARA license is a significant milestone, allowing Kraken to expand its services in the Middle East. This move positions Kraken to tap into Dubai's growing crypto market, estimated to reach $44 billion by 2026.
Dubai's Virtual Asset Regulatory Authority granted Kraken’s parent company preliminary broker-dealer and investment management authorization.