Kraken Parent Payward Receives Initial Approval from Dubai's VARA for Crypto Business

According to Businesswire, Kraken's parent company Payward has received preliminary approval from Dubai's Virtual Assets Regulatory Authority (VARA) to conduct brokerage, investment, and management services in the United Arab Emirates. The company plans to offer spot and margin trading, OTC services, staking, and Kraken Prime institutional services through a regulated local entity.
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