Bitpanda Expands to UAE with VARA Broker-Dealer Licence
Bitpanda has obtained a Broker-Dealer licence from the Dubai Virtual Assets Regulatory Authority (VARA). This marks the company’s frist fully licensed expansion outside Europe.
The licence allows Bitpanda to offer its digital asset platform to UAE investors.They can now access over 500 virtual assets, crypto indices, and savings plans. Dubai aims to be a top digital asset hub. VARA provides regulatory clarity and investor protection.
Bitpanda plans to set a new standard for secure and compliant virtual asset investing in the region. They have set up an office at the DMCC Crypto Center and hired a regional team.Investor onboarding will start soon.
In January, Bitpanda got a MiCA licence from germany’s financial regulator. This lets them operate under a unified framework across all 27 EU member states. It addresses previous fragmentation in Europe’s crypto industry.
Deputy CEO Lukas Enzersdorfer-Konrad said, “Our VARA licence ensures UAE investors have a fully compliant digital asset platform.”
General Counsel Fabian Reinisch noted VARA’s progressive framework. He added that the fast approval shows Bitpanda’s decade of regulatory experience and high compliance standards.
Bitpanda holds multiple regulatory approvals across europe. These include a MiCAR licence from BaFin, UK FCA registration, a PSD2 E-money licence, and a MiFID II licence. Their regulatory-first approach makes them one of the most trusted platforms in the industry.
