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ARP Digital Obtains Dubai VARA Broker-Dealer License

ARP Digital has secured a broker-dealer license from Dubai's VARA authority, enabling it to offer regulated digital asset and stablecoin conversions into UAE dirhams, as part of its expansion beyond Bahrain.

AS1 NewsSource: cointelegraph.com

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USDT$0.9997-0.01%VIRTUAL$0.6179+0.59%

ARP Digital has received a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA). This license permits the company to provide regulated digital asset services, including stablecoin conversions into UAE dirhams. The licensing marks a significant step in ARP Digital's strategic expansion across the Gulf region, moving beyond its previous operations in Bahrain. The authorization by VARA underscores Dubai's ongoing efforts to establish a comprehensive regulatory framework for digital assets, fostering a secure environment for crypto businesses. With this license, ARP Digital aims to enhance its service offerings and strengthen its presence in the Middle East's growing digital economy.

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The license enables ARP Digital to operate legally within Dubai's regulated digital asset market, facilitating conversions into UAE dirhams and supporting regional expansion.