BitPanda, a regulated crypto property platform in Europe, has now prolonged its attain in MENA area with a license in UAE from Dubai’s Digital Belongings Regulatory Authority. BitPanda now holds a crypto brokerage license that enables it to serve retail and institutional investor shoppers.
UAE clientele will be capable to entry over 500 crypto property on BitPanda after it turned the seventeenth crypto dealer to be licensed by VARA.
Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda Group, famous that BitPanda seeks to make sure traders and monetary establishments have entry to a totally compliant digital asset platform.
He provides, “That is just the start of our growth past Europe. We’re able to develop in a area that embraces innovation and regulation equally.”
Nadeem Ladki, International Head of Bitpanda Know-how Options famous that the change stays centered on providing revolutionary safe options and that that is solely the beginning. He states, “Now we have extra thrilling developments to share within the close to future.”
With an workplace in Dubai’s DMCC Crypto Centre, the BitPanda crew stated it’s working to tailor merchandise to the UAE market and can begin onboarding UAE traders within the upcoming months.
BitPanda shares confidence after license approval
In response to Fabian Reinisch, Normal Counsel at Bitpanda Group, BitPanda obtained approval in report time and he believes it is a testomony to the last decade expertise of their groups working within the digital asset house and their dedication to the best regulatory requirements.
BitPanda obtained preliminary approval from VARA again in December 2024.
BitPanda presently holds a number of licenses in Europe, together with a MiCAR license from the German regulator BaFin, registration with the UK’s FCA, a PSD2 E-money license, a MiFID II license, and VASP registrations throughout a number of markets.
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