Revolut Secures Major Crypto Service Approval in Dubai to Expand UAE Presence
London-based fintech giant Revolut has secured in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA) to launch a suite of crypto-related services in the UAE. Following prior clearance from the Central Bank of the UAE for payment activities, the company is now authorized to provide broker-dealer, management, investment, and exchange services.
This regulatory milestone allows Revolut to offer seamless digital asset trading through its mobile app and the Revolut X exchange for users in the United Arab Emirates. By operating within a regulated framework, Revolut aims to provide a secure and compliant environment for customers looking to buy, sell, and hold crypto assets in one of the world's fastest-growing digital economy hubs.
Revolut confirmed that its services, accessible via its main app and the Revolut X exchange, will enable UAE-based users to buy, sell, and hold digital assets. Joseph Khair, Revolut’s head of digital assets in the UAE free zone, noted that this approval lays the essential foundation for introducing trusted virtual asset services within a fully regulated environment.
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