European investment platform Bitpanda has received regulatory approval from the Virtual Assets Regulatory Authority (VARA) in Dubai, paving the way for its expansion in the United Arab Emirates (UAE). Announced on Nov. 21, the license allows Bitpanda to provide its full suite of digital asset services to retail and institutional clients in the region. This move marks a significant milestone in Bitpanda’s strategy to grow its presence in the Middle East.
VARA’s approval enables Bitpanda to offer services such as cryptocurrency trading, custody, and digital asset management under Dubai’s robust regulatory framework. The company’s entry into the UAE aligns with Dubai’s vision to become a global hub for blockchain and digital assets, supported by clear regulations that attract international firms. Bitpanda plans to establish a strong local presence by collaborating with UAE-based partners and institutions.
Bitpanda CEO Eric Demuth highlighted the UAE’s forward-thinking approach to digital asset regulation, calling it a key factor in the company’s decision to expand in the region. “Dubai has set a global benchmark for fostering innovation in the crypto space while ensuring investor protection. We are excited to bring our trusted platform to this dynamic market,” Demuth stated.
The approval reflects the UAE’s commitment to attracting leading players in the cryptocurrency and fintech sectors. Analysts believe Bitpanda’s entry will enhance competition and drive innovation in the local market. As the Middle East continues to embrace digital transformation, Bitpanda’s presence is expected to boost adoption and further solidify Dubai’s position as a global leader in the digital asset economy.
