Virtual asset service providers receive regulatory approval in Dubai, further expanding their presence in the Middle East market

2025-12-17 15:20:11

【Crypto World】Digital wealth management company Amber Premium’s Dubai branch recently obtained an important license—principle approval from the Dubai Virtual Assets Regulatory Authority (VARA). It sounds very official, but the underlying meaning is quite clear: the company is making a significant step forward in conducting virtual asset business locally, and is not far from full authorization.

CEO Michael Wu is obviously very excited about this development. He mentioned that this approval will help the company better serve clients in the UAE, especially by providing institutional-level digital wealth management solutions. In other words, not only retail investors, but also institutional investors can access professional services through them.

However, based on Wu’s remarks, Amber Premium values “doing the right thing” the most—he emphasized the company’s focus on compliance and market integrity. This is particularly crucial in the current environment. The entire virtual asset industry is working hard to demonstrate its compliance stance, and obtaining approval from authoritative bodies like VARA is undoubtedly the most convincing endorsement.

For Web3 service providers aiming to expand into the Middle East market, this case is quite instructive—operating in a regulated manner, accepting oversight, and building trust. This approach seems to be becoming the new normal.

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NeonCollector

· 12-20 14:05

Dubai is about to harvest the leeks again. The term "principled approval" sounds a bit suspicious, and no one knows when they'll actually start operating, maybe in the Year of the Monkey or later.

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PriceOracleFairy

· 12-17 18:49

nah wait, so they're getting the greenlight from VARA... which means the regulatory arb play is officially pricing in? watching the liquidity dynamics shift already, this compliance theater always moves markets lol

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LiquidityWizard

· 12-17 15:50

There are new developments in the Middle East again. Major companies are really accelerating their布局. Compliance licenses are becoming increasingly important. It seems that unconventional methods will become more difficult in the future. Institutional-level services? Basically, it's about securing big clients. Amber's move is quite good; Dubai's money still needs to be earned. However, the principled approval is still a bit away from actual clearance. Let's wait and see. The Middle Eastern market is indeed heating up. If full authorization is obtained, that would be a major event. This move is quite steady. Looking forward to the subsequent progress.

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ZKProofEnthusiast

· 12-17 15:43

The Middle East is about to take off again, and this time it's really not a scam to harvest profits.

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SillyWhale

· 12-17 15:29

Dubai is again positioning itself, it seems the Middle East's wealth management cake is indeed tempting. Amber also wants a bite, which is understandable, but the tune of "compliance" is being sung a bit too loudly...

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