Bitpanda has secured a broker-dealer license from VARA (Virtual Assets Regulatory Authority), which means it can now offer its services to investors in the UAE.
This license was approved in record time and allows Bitpanda to provide access to over 500 virtual assets, according to Zawya’s report.
Dubai is quickly positioning itself as a center for crypto and digital assets thanks to clear rules for oversight and its protection over investors.
With this license, Bitpanda is officially entering the UAE and setting a high standard for secure and legal investing. The company sees Dubai as a key location because of its strong support for new technology and financial innovation.
Lukas Enzersdorfer-Konrad, the Deputy CEO of Bitpanda, is excited about this. He said, “Bitpanda is built on the idea that digital assets should be safe and easy to access. With our VARA license, we are bringing that vision to the UAE, making sure both investors and financial institutions have access to a fully regulated platform. This is just the beginning of our journey outside of Europe.”
To establish a solid presence in Dubai, Bitpanda has already set up a permanent office in the DMCC Crypto Centre. A team of experts is already working on creating customized products for UAE investors. In the coming months, people in the UAE will be able to sign up and start investing through Bitpanda.
According to Fabian Reinisch, General Counsel at Bitpanda, “The UAE is leading the way when it comes to crypto regulations. VARA is setting high standards for both innovation and investor safety. He said, “This license gives us the chance to introduce our trusted and fully regulated platform to a new audience.”
Bitpanda has always focused on being a regulated and trusted company. It already holds multiple licenses, including a MiCAR license from Germany’s BaFin, UK FCA registration, a PSD2 E-money license, a MiFID II license, and VASP registrations in several markets.
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