Bitpanda Expands to UAE with VARA License

Story Highlights

• Bitpanda secures VARA license for UAE expansion.

• Dubai office established to support Bitpanda’s growth.

• Investors to gain access to 500+ virtual assets.

Bitpanda, a well-known virtual assets platform in Europe, has received a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA). The regulatory approval was granted in precise time, which enabled Bitpanda to start their services in the UAE. With this development, investors in the region will gain access to more than 500 virtual assets. Such availability positions it among the largest options available in the market.

Bitpanda Opens Dubai Office to Support Expansion

Digital assets have been attracting increasing attention in the United Arab Emirates. The Virtual Asset Regulatory Authority helps investors through established laws while also protecting their interests. To respond to the opportunity, Bitpanda seeks to develop a simple yet safe investment platform for the region.

Deputy CEO Lukas Enzersdorfer-Konrad from Bitpanda Group states his belief that virtual assets need to combine safety with ease of access for users. According to him the VARA license enables Bitpanda to deliver this vision to the UAE. The company plans additional European expansions after establishing operations within the UAE territory. The region holds important investment opportunities for the company because of its dual emphasis on innovation combined with strict regulation.

Bitpanda supports its growth strategy through its establishment of an office at the DMCC Crypto Centre in Dubai. The UAE investor-targeted service development initiative is managed by regional experts across the country. The firm will begin inviting investors to join during the upcoming months.

Bitpanda Group General Counsel Fabian Reinisch emphasized that the UAE stands as one of the world’s leading nations for digital asset adoption. VARA has established stringent criteria for technological progress while ensuring investor protection standards are met. The company received its license approval relatively fast because it demonstrated its digital asset expertise and regulatory compliance commitment.

Bitpanda’s UAE Entry Aligns with National Crypto Goals

Bitpanda has always focused on regulatory compliance. Over the years, the company acquired multiple vital operating licenses and obtained them in European territories. Bitpanda has obtained necessary approvals from multiple financial authorities which include its MiCAR license from BaFin, its registration with the FCA, and financial service approvals across several other regions. Strong regulatory compliance makes Bitpanda a top choice among customers for digital asset investments because of its trusted platform.

The company continues to guarantee regulated and secure investment service delivery while expanding its international presence. The VARA license represents a crucial achievement toward future growth. The company now has permission to progress with new expansion prospects in the region. The UAE market receives a secure digital asset platform through which individual and institutional investors can use a regulated environment for their investments.

Business entities from various industries continue their development in Dubai’s digital asset sector. Crypto.com obtained its limited VARA license in March. The approval enhanced the Virtual Asset Service Provider (VASP) license allowing the company to expand its product offerings across the region.

The progressive regulatory framework has established Dubai as an attractive location for digital asset companies. The UAE market launch by Bitpanda contributes to the national goal of becoming the leading global power in cryptocurrency and blockchain technology.