Payward Secures Final Dubai VARA Approval for Digital Asset Services

Key Facts

1Payward received full market approval from Dubai’s VARA to expand its digital asset services in the UAE.

Payward received full market approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to expand its digital asset services. Cointelegraph reported that this license marks the final regulatory milestone for the company, specifically enabling it to offer dirham (AED) trading within the UAE's digital asset framework.

The final approval follows a preliminary license granted in May, strengthening Kraken's parent company infrastructure in the Middle East. This expansion aims to provide institutional-grade trading solutions denominated in AED as Dubai continues to refine its regulatory environment to attract major global exchanges.