Bitpanda turns into first European agency to safe Dubai VARA in-principle approval – CoinJournal

Bitpanda turns into first European agency to safe Dubai VARA in-principle approval – CoinJournal

  • Bitpanda has secured in-principle approval from Dubai VARA.
  • Dubai is rising as a world crypto hub with a supportive regulatory surroundings.
  • Bitpanda plans to ascertain a regional headquarters in Dubai to increase globally.

Bitpanda, a outstanding European digital asset platform, has achieved a major milestone by securing in-principle approval from the Dubai Digital Asset Regulatory Authority (VARA).

This approval positions the Austrian firm as the primary European crypto agency to realize entry into Dubai’s burgeoning digital asset market.

Dubai rising as a crypto hub

Dubai has emerged as a world cryptocurrency and blockchain innovation hub, attracting main companies worldwide. With its progressive regulatory framework, the United Arab Emirates (UAE) presents a safe and innovation-friendly surroundings for crypto companies and buyers.

Bitpanda’s approval underlines its adherence to the area’s stringent regulatory necessities, reflecting the agency’s dedication to compliance and transparency.

Following the in-principle approval, Dubai will function Bitpanda’s gateway to world markets, and plans are already underway to ascertain a completely operational regional headquarters within the metropolis.

In keeping with Eric Demuth, co-founder and CEO of Bitpanda, Dubai’s standing as a crypto-friendly metropolis and its vibrant ecosystem make it a super launchpad for the agency’s worldwide ambitions.

“In Europe, we have built a reputation as the most trusted and regulated digital asset platform. Now, we are scaling this proven model globally, with Dubai and the UAE serving as our strategic launchpad for international expansion. The opportunities are immense, and we are uniquely positioned to seize them,” Demuth mentioned.

Bitpanda nonetheless requires further approval for full authorization

Regardless of receiving in-principle approval, Bitpanda should fulfil further regulatory necessities to attain full authorization to function within the UAE.

Nonetheless, the corporate’s entry into Dubai signifies its dedication to enjoying a pivotal position within the area’s crypto ecosystem, contributing to town’s status as a world chief in digital asset innovation.

With plans to collaborate with different monetary entities within the UAE, Bitpanda is poised to solidify its presence in one of many world’s most promising crypto markets.

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 107,488.80 0.52%
ethereum
Ethereum (ETH) $ 2,435.99 0.95%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.19 1.70%
bnb
BNB (BNB) $ 648.20 0.54%
solana
Solana (SOL) $ 150.79 6.60%
usd-coin
USDC (USDC) $ 1.00 0.00%
tron
TRON (TRX) $ 0.275329 0.50%
dogecoin
Dogecoin (DOGE) $ 0.163935 1.99%
staked-ether
Lido Staked Ether (STETH) $ 2,434.11 0.89%
cardano
Cardano (ADA) $ 0.566326 1.58%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 107,359.76 0.53%
hyperliquid
Hyperliquid (HYPE) $ 37.89 4.20%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,938.77 0.88%
bitcoin-cash
Bitcoin Cash (BCH) $ 491.60 2.09%
sui
Sui (SUI) $ 2.80 4.31%
chainlink
Chainlink (LINK) $ 13.39 2.71%
leo-token
LEO Token (LEO) $ 9.08 0.17%
avalanche-2
Avalanche (AVAX) $ 17.93 2.33%
stellar
Stellar (XLM) $ 0.238072 0.70%
usds
USDS (USDS) $ 1.00 0.00%
the-open-network
Toncoin (TON) $ 2.85 0.02%
whitebit
WhiteBIT Coin (WBT) $ 47.38 2.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 2.09%
weth
WETH (WETH) $ 2,438.03 1.00%
litecoin
Litecoin (LTC) $ 86.26 1.80%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,608.69 0.93%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.08%
hedera-hashgraph
Hedera (HBAR) $ 0.147697 1.53%
monero
Monero (XMR) $ 310.54 1.88%
bitget-token
Bitget Token (BGB) $ 4.65 0.22%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
polkadot
Polkadot (DOT) $ 3.41 1.53%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 107,482.80 0.43%
uniswap
Uniswap (UNI) $ 7.11 3.71%
pi-network
Pi Network (PI) $ 0.538381 4.18%
pepe
Pepe (PEPE) $ 0.00001 4.20%
aave
Aave (AAVE) $ 260.12 1.27%
dai
Dai (DAI) $ 0.999872 0.04%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.01%
aptos
Aptos (APT) $ 4.77 2.10%
okb
OKB (OKB) $ 50.21 0.28%
bittensor
Bittensor (TAO) $ 330.62 1.48%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 182.77 6.51%
near
NEAR Protocol (NEAR) $ 2.16 2.55%
internet-computer
Internet Computer (ICP) $ 4.86 2.45%
crypto-com-chain
Cronos (CRO) $ 0.081014 0.38%
ethereum-classic
Ethereum Classic (ETC) $ 16.24 0.85%
susds
sUSDS (SUSDS) $ 1.06 0.01%
ondo-finance
Ondo (ONDO) $ 0.763007 2.49%
usd1-wlfi
USD1 (USD1) $ 1.00 0.05%
tokenize-xchange
Tokenize Xchange (TKX) $ 27.30 1.55%
mantle
Mantle (MNT) $ 0.607143 1.47%
kaspa
Kaspa (KAS) $ 0.077494 4.58%
gatechain-token
Gate (GT) $ 15.76 1.53%
fasttoken
Fasttoken (FTN) $ 4.40 0.32%
cosmos
Cosmos Hub (ATOM) $ 4.00 1.95%
official-trump
Official Trump (TRUMP) $ 9.08 1.09%
vechain
VeChain (VET) $ 0.021089 3.55%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.69172 3.14%
sky
Sky (SKY) $ 0.079867 1.90%
render-token
Render (RENDER) $ 3.26 3.89%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 107,402.78 0.83%
sei-network
Sei (SEI) $ 0.301281 2.00%
ethena
Ethena (ENA) $ 0.263688 4.39%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.178059 2.15%
quant-network
Quant (QNT) $ 108.80 5.62%
arbitrum
Arbitrum (ARB) $ 0.310169 1.67%
filecoin
Filecoin (FIL) $ 2.26 2.74%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.47 2.62%
algorand
Algorand (ALGO) $ 0.176172 1.50%
worldcoin-wld
Worldcoin (WLD) $ 0.894817 2.30%
first-digital-usd
First Digital USD (FDUSD) $ 0.999045 0.08%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,436.12 0.87%
usdtb
USDtb (USDTB) $ 1.00 0.03%
kucoin-shares
KuCoin (KCS) $ 11.15 0.24%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 159.66 6.49%
jupiter-exchange-solana
Jupiter (JUP) $ 0.442853 9.46%
usdt0
USDT0 (USDT0) $ 1.00 0.11%
nexo
NEXO (NEXO) $ 1.20 0.36%
flare-networks
Flare (FLR) $ 0.017561 3.28%
spx6900
SPX6900 (SPX) $ 1.27 8.94%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,775.64 0.92%
bonk
Bonk (BONK) $ 0.000015 9.20%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,551.53 0.92%
fartcoin
Fartcoin (FARTCOIN) $ 1.10 8.72%
injective-protocol
Injective (INJ) $ 10.91 3.16%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.01%
blockstack
Stacks (STX) $ 0.664351 0.50%
celestia
Celestia (TIA) $ 1.47 1.68%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.03%
kaia
Kaia (KAIA) $ 0.169569 3.54%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.50 3.13%
sonic-3
Sonic (S) $ 0.310198 1.70%
xdce-crowd-sale
XDC Network (XDC) $ 0.060241 1.24%
paypal-usd
PayPal USD (PYUSD) $ 1.00 0.02%
optimism
Optimism (OP) $ 0.551128 2.99%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,605.74 0.74%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 106,825.62 0.19%
Scroll to Top