Revolut Receives In-Principle Approval to Offer Crypto Services in UAE via VARA

According to The National, British fintech company Revolut has obtained in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA) to provide cryptocurrency services in the United Arab Emirates, including brokerage, asset management, and exchange operations.

Revolut currently serves over 75 million customers globally and obtained a retail payment license from the UAE Central Bank in June. The company plans to launch expanded virtual asset services through its retail app and independent exchange Revolut X, enabling eligible users to buy, sell, and hold digital assets within the regulatory framework.