According to Cointelegraph, Payward received full market approval from Dubai’s VARA to expand its digital asset services in the UAE, building on the preliminary approval received in May. This final hurdle marks the completion of regulatory clearance needed for Kraken’s parent company to offer dirham trading under UAE regulations. The approval follows an earlier stage of review conducted in May, after which no further regulatory actions were mentioned in the source details. With this step finalized, Kraken’s parent can proceed with implementing dirham-denominated trading services within the framework approved by Dubai’s VARA. No timelines for service launch or additional conditions were provided in the information available. The approval pertains specifically to digital asset services and does not include other regulatory requirements outside the scope described.
Payward received full market approval from Dubai’s VARA to expand its digital asset services in the UAE, building on the preliminary approval received in May. This final hurdle marks the completion of regulatory clearance needed for Kraken’s parent company to offer dirham trading under UAE regulations.
