Crypto
Kraken clears Dubai regulatory hurdle, UAE market entry in sight
Crypto exchange Kraken\'s parent Payward has received preliminary approval from Dubai\'s Virtual Assets Regulatory Authority (VARA). Cointelegraph reported that Payward secured preliminary approval for broker-dealer, investment and management licences and announced plans to expand in Dubai. A formal launch date has not been set. Once services begin, it plans to support UAE dirham transfers, margin trading and over-the-counter trading, and to offer Kraken Prime to institutional clients.
