Amber Group Dubai Subsidiary Receives In-Principle Approval for Virtual Asset Service Provider License
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September 20, 2024
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Amber Group and Crypto.com Receive Regulatory Approvals in Dubai and Bahrain
According to Golden Finance, Amber Group's Dubai-based subsidiary, Amber Premium FZE, has received in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulation Authority (VARA). This approval allows Amber Premium FZE to offer various virtual asset services in compliance with UAE regulations.
Additionally, Crypto.com has obtained a Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the cryptocurrency exchange to provide electronic money and fiat currency payment services, including prepaid cards.
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