Update
Payward Receives Full Dubai Regulatory Approval for Dirham Crypto Trading
Payward, the parent company of Kraken, has received full approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to expand its digital asset services in the UAE. This approval clears the final regulatory hurdle for the planned dirham trading rollout. The company received preliminary approval in Dubai earlier, but the full license was still pending. The move allows Payward to launch crypto trading and financial services for customers across the UAE. The approval comes as part of Payward’s expansion into the UAE market, which also includes a virtual asset service provider license for the UAE entity to enable a planned dirham trading rollout. The final license is still required before the services can be officially launched.