Kraken don get VARA approval for UAE expansion, don add AED rails

Kraken papa company Payward don collect preliminary approval from Dubai VARA (Virtual Assets Regulatory Authority) to expand regulated crypto services for UAE. Di approval cover broker‑dealer, investment, and management license for local Payward subsidiary, so Kraken go operate under Dubai rules. Under Kraken VARA framework, Kraken wan launch spot trading, margin trading, OTC services, staking, and crypto transfers through im app "Krak." Dem go also expand institutional features through Kraken Prime, like advanced reporting and professional payments. One important new thing na local‑currency funding: Kraken plan to allow UAE dirham (AED) deposits and withdrawals, so traders fit use native fiat on‑ramp instead of depending on foreign‑currency transfers. Kraken also expect access to liquidity linked to global order books across Europe, the US, and Asia‑Pacific. Kraken co‑CEO Arjun Sethi talk say Dubai earlier rulebook help attract liquidity and institutional capital, and VARA approval for Kraken go boost trust versus offshore operations. Exchange plan to roll out "Buy, Trade, and Earn" products in UAE, starting with spot trading and staking (subject to approvals), and later expand into derivatives and lending for qualified clients. Kraken don already get AED access approval in Abu Dhabi via ADGM.