Kraken parent Payward secures preliminary VARA approval for Dubai expansion
The Block·
60-second summary
Kraken parent Payward is securing preliminary VARA approval in Dubai, paving the way for a regulated crypto expansion in the UAE. This approval is a significant milestone, allowing Payward to offer regulated services in Dubai. The move is expected to boost Kraken's presence in the Middle East, potentially increasing its user base and revenue.
Kraken parent Payward secured preliminary VARA approval in Dubai, opening a pathway to expand regulated crypto services in the UAE.