This allowance allows the company to present the digital asset platform to investors in the United Arab Emirates (UAE). Users will be able to reach more than 500 virtual assets with crypto indices and saving plans.

While Dubai becomes an important center in the field of virtual assets, VARA provides regulatory clarity and investor protection. Especially in recent years, Dubai’s steps towards becoming a global leader in the digital asset industry are remarkable.

In this context, the regulatory framework offered by VARA increases the trust of the investor and enables companies to operate in a safe environment. Bitpanda also moves in line with this vision and aims to create a safe and harmonious digital asset investment platform in the region.

The company opened a permanent office at the Dubai Multi Commodities Center (DMCC) Crypto Center and established a special team for the region. In this way, it aims to provide a more appropriate service to the UAE market and to develop solutions for the needs of local investors. Bitpanda is expected to include investors in the region in the platform in the coming months.

In January, Bitpanda received the Mica (Markets in Crypto-Assets) license given by Germany’s financial regulator Bafin, and was entitled to operate under a unified regulatory framework at the 27 European Union (EU) member states.

Mica license is seen as an important turning point for the crypto industry in Europe. Previously, there was a fragmented structure because the regulations on crypto assets throughout the continent were subject to different rules in different countries.

However, with the entry into force of Mica, companies operating throughout Europe will be able to operate under a single regulatory framework.

“With our VARA license, investors and financial institutions in the UAE will be able to access a completely compliant digital asset platform,” he said, emphasizing the company’s commitment to security and accessibility, Lukas Enzersdorfer-Konrad, Deputy General Manager of Bitpanda.

The company’s legal adviser Fabian Reinisch pointed out the innovative regulatory framework of VARA, and said that the license approval shows Bankası’s commitment to more than ten years of regulatory experience and compatibility standards.

Reinisch, “Varala’s regulatory clarity offers a great opportunity to gain the trust of investors. As a bush, we continue our work to meet the highest compatibility standards,” he said.

Bank has a strong regulatory foundation throughout Europe. The company has various powers such as Micar License from Germany’s Bafin institution, the UK FCA Recording, PSD2 E-Para License and MIFID II license. Thanks to its regulatory -oriented approach, the company has become a reliable name in the crypto sector.

The expansion in Dubai is seen as an important part of Bitpanda’s global growth strategy. The company aims to contribute to the development of the virtual asset ecosystem in the region and to provide a secure platform for local investors.

At the same time, it plans to develop new products and services by taking advantage of the opportunities offered by the regulatory environment in Dubai.

In the coming period, it is expected that Bitpanda will expand its activities in Dubai and provide more financial services for local investors. While the growth in the crypto asset sector continues, regions such as Dubai continue to be attractive centers for global companies.