Bitpanda Just Got the Green Light in Dubai—Here’s What It Means
Bitpanda just made a massive power move! The crypto platform locked in a Broker-Dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA), making it their first fully licensed expansion beyond Europe.
This means UAE investors can soon trade over 500 digital assets on Bitpanda, including crypto indices and savings plans.
Dubai has been flexing as a global crypto hub, and VARA’s got its back with clear regulations and investor protection. It wants in on the action, setting up a regional HQ at the DMCC Crypto Centre and building a dedicated team for the UAE market. Onboarding for investors is set to roll out in the coming months.
🔹 Why It Matters: In January, Bitpanda also got a MiCA license from Germany’s BaFin, allowing them to operate across all 27 EU countries under a single regulatory framework. With this Dubai expansion, they’re making big moves outside of Europe too.
💬 What They’re Saying:
Deputy CEO Lukas Enzersdorfer-Konrad is hyped about making secure and compliant digital investing accessible in the UAE. Meanwhile, General Counsel Fabian Reinisch praised VARA’s fast-tracked approval, proving that its regulatory-first approach is paying off.
Bitpanda already holds multiple licenses across Europe, including UK FCA registration, a PSD2 E-money license, and MiFID II approval. Now, with VARA in their pocket, they’re leveling up in the Middle East.
The question is: Will Bitpanda’s UAE entry change the game for regional crypto traders? Time will tell. 🚀
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