According to Bitcoin Magazine, Kraken’s parent company Payward has obtained a full license from the Dubai government to operate in the city. The license allows Payward to provide regulated financial services in Dubai. Payward intends to launch operations in the United Arab Emirates following the acquisition of the license.
Kraken currently operates with more than 10 regulatory approvals or licenses globally, including in multiple jurisdictions. The addition of the full Dubai license expands Payward’s authorized operating framework within the UAE region. No timeline for the UAE launch was specified in the source material. The move reflects Payward’s ongoing expansion strategy under Kraken’s corporate structure.
