Digital asset platform Bitpanda receives UAE VARA approval in principle
On December 17th, European digital asset platform Bitpanda announced that it has received provisional approval from the UAE Virtual Asset Regulatory Authority (VARA) and will operate locally under the name Bitpanda Broker MENA DMCC. The company's CEO, Eric Demuth, stated that Dubai and the UAE will serve as strategic springboards for its global expansion.
Bitpanda has established an office in the Dubai DMCC Cryptocurrency Center and has partnered with institutions such as RAKBANK and CoinMENA. It is worth noting that the company recently launched Bitpanda Fusion, a high-volume trading product for advanced traders that provides aggregated liquidity services for users in the Middle East and North Africa regions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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