CryptoMediaClub
Monday, October 27, 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

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade
All news

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
0

Crypto hardware wallet maker Ledger is facing a wave of criticism following the rollout of its new Multisig application, which...

Read moreDetails
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
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

US Bitcoin Reserve Might Clear up the Nationwide Debt Disaster – VanEck

US Bitcoin Reserve Might Clear up the Nationwide Debt Disaster – VanEck

8 months ago
Ethereum Mainnet Revenue Falls Amid Growth of L2 Ecosystem

Ethereum Mainnet Revenue Falls Amid Growth of L2 Ecosystem

1 year ago
Ultimate Probability to Purchase First Ever Meme Index Crypto, $MEMEX Token Raises Practically $4m

Ultimate Probability to Purchase First Ever Meme Index Crypto, $MEMEX Token Raises Practically $4m

8 months ago
Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

3 months ago

Categories

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

Highlights

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

72-Hour Countdown: Snorter Bot Token Must Sell Out Before Claim Goes Live

Trending

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade
All news

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
0

Crypto hardware wallet maker Ledger is facing a wave of criticism following the rollout of its new...

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
  • 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