European digital asset platform Bitpanda has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) as it prepares to enter the United Arab Emirates (UAE).
This regulatory approval allows Bitpanda to establish a strong presence in the Middle East and supports its goal of expanding beyond Europe, where it is already a regulated provider of digital assets.
With its progressive regulations aimed at promoting innovation, the UAE, particularly Dubai, has become a leading hub for global digital finance, attracting cryptocurrency companies such as Bitpanda.
The company will prioritize partnerships with local cryptocurrency platforms and use the UAE as a global base for expansion outside Europe.