Revolut Gets Preliminary UAE Crypto License Nod Weeks After Banking Win

Revolut furthered its expansion strategy in the United Arab Emirates (UAE) by gaining in-principle approval to provide crypto services in the country. The company secured in-principle approval for a Virtual Assets Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai, it said in a Wednesday (July 15) press release . Subject to Revolut obtaining final regulatory approvals, this license will enable the company to offer broker-dealer, management and investment