CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitpanda Secures VARA In-Principle Approval for UAE Expansion

17.12.2024
A A
0
120
VIEWS
ShareShare

Bitpanda, a leading European digital asset platform, has reached a significant milestone in its journey toward global expansion by obtaining in-principle approval from the Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates (UAE).

This achievement sets the stage for the company’s operations under the name Bitpanda Broker MENA DMCC, marking its first foray outside the European market.

Dubai’s growing prominence as a digital finance and innovation hub presents a strategic opportunity for Bitpanda to tap into the Middle East and North Africa (MENA) region’s burgeoning crypto market.

🌍 Bitpanda Goes Global!
We’re proud to announce that we’ve secured In-Principle-Approval from the Virtual Assets Regulatory Authority in the UAE. This achievement takes us one step closer to offering our full range of services in this fast-growing global hub for digital assets.… pic.twitter.com/09bBm2oJpG

— Bitpanda (@Bitpanda_global) December 16, 2024

Bitpanda’s In-Principle Approval: Is UEA Growing Stronger?

While this milestone is a critical step, the road to full operational approval involves further measures, including setting up a fully operational office in Dubai, onboarding a regional management team, and implementing VARA-compliant infrastructure to support its services.

Eric Demuth, Co-Founder and CEO of Bitpanda, articulated the importance of this achievement, stating:

“In Europe, we have established ourselves as the most trusted and regulated digital asset platform. Now, we are scaling this proven model globally, with Dubai and the UAE serving as our strategic launchpad for international expansion.”

He continued;

“The opportunities are immense, and we are uniquely positioned to seize them as both Europe’s leading crypto broker and a top infrastructure provider in the digital assets space.”

VARA’s progressive regulatory framework emphasizes investor protection while fostering innovation, a balance that aligns seamlessly with Bitpanda’s compliance-first ethos.

Fabian Reinisch, General Counsel of Bitpanda, also remarked:

“Securing VARA’s in-principle approval in under eight months reflects the strength of VARA’s regulatory guidelines and our commitment to innovation and compliance.”

With this latest regulatory compliance move, Bitpanda will increase user trust and facilitate sustained growth in the MENA region.

Strategic Expansion into a Dynamic Region

Bitpanda’s entry into the UAE forms part of its broader strategy to establish a global footprint in the crypto space.

The opening of an office at the DMCC Crypto Centre in Dubai earlier this year laid the groundwork for this expansion.

Additionally, Bitpanda has forged strategic partnerships with key financial institutions, including The National Bank of Ras Al Khaimah (RAKBANK) and CoinMENA, a prominent licensed crypto platform in the UAE.

Dubai’s reputation as a forward-thinking hub for cryptocurrency and blockchain innovation was a major factor in Bitpanda’s decision to expand into the region.

Initiatives like the DMCC Crypto Centre and VARA’s regulatory framework make the UAE a magnet for digital finance innovators.

Demuth also expressed confidence in the UAE’s potential, noting:

“The UAE’s regulatory framework fosters innovation while prioritizing investor protection. These principles align perfectly with our mission to offer safe and trusted access to digital assets worldwide.”

Bitpanda’s expansion has also been described as a strategic move to bridge the gap between Europe’s regulatory rigor and the UAE’s dynamic market.

Bitpanda has been proactive in fostering innovation and collaboration as part of its global strategy.

Its partnership with Societe Generale Forge, the blockchain subsidiary of Societe Generale, is a notable example.

This collaboration focuses on advancing euro-denominated stablecoins, such as EUR CoinVertible (EURCV), as integral components of the global financial ecosystem.

Looking ahead, Bitpanda plans to roll out Bitpanda Fusion, a high-volume trading product launched last week for advanced traders.

This tool aggregates liquidity from major exchanges, catering to the needs of ambitious crypto traders in the MENA region.

With all these moves, Bitpanda is on to something for the UAE and beyond.

The post Bitpanda Secures VARA In-Principle Approval for UAE Expansion appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar
All news

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

03.10.2025
0

With deep partisan divisions preventing Congress and the White House from reaching a funding agreement, the US government shut down...

Read moreDetails
Why Is Crypto Up Today? – October 3, 2025

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Load More
Next Post
Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat

Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Service for Buying Crypto with Bank Accounts Launched in U.S.

Service for Buying Crypto with Bank Accounts Launched in U.S.

1 year ago
Bitcoin (BTC) $105K Triangle Squeeze: 3 Charts Point to 6% Rally Ahead

Bitcoin (BTC) $105K Triangle Squeeze: 3 Charts Point to 6% Rally Ahead

4 months ago
Is PEPE Ready to Pop? Volume Blasts Past $1 Billion – Are Whales Dip Buying?

Is PEPE Ready to Pop? Volume Blasts Past $1 Billion – Are Whales Dip Buying?

1 year ago
Coca-Cola Launches ‘Masterpiece’ NFT Collection on Coinbase’s Base

Coca-Cola Launches ‘Masterpiece’ NFT Collection on Coinbase’s Base

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Why is Bitcoin near all-time highs? Everything that happened in crypto today

Trending

Why Is Crypto Up Today? – October 3, 2025
All news

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
0

The crypto market is up today, with the cryptocurrency market capitalization rising by 1.4%, now standing at...

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz