Kraken Parent Payward Wins Full Dubai Approval for UAE Expansion
Payward, Kraken’s parent company, has secured full approval from Dubai’s VARA, clearing the way for a dirham trading rollout.
Kraken parent company Payward has obtained full market approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to broaden its digital asset services in the United Arab Emirates.
The decision follows preliminary approval granted in May and completes the final regulatory step for the company’s planned dirham trading rollout in Dubai.
The approval advances Payward’s UAE expansion, though the announcement did not specify when dirham trading would begin.
Source: Cointelegraph
