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Crypto Exchange Kraken Secures VARA License to Launch in Dubai

DE
Decrypt Editorial
(04:32 PM UTC)
1 min read
JM
Updated byJames Mitchell

In brief

  • Payward, Kraken's parent company, secured preliminary regulatory approval from Dubai's Virtual Asset Regulatory Authority (VARA).
  • Services will include spot and margin trading, OTC, staking, transfers, and institutional offerings through Kraken Prime.
  • UAE customers can fund accounts and withdraw in dirhams through a locally regulated subsidiary.

Cryptocurrency exchange Kraken said…

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