Amber Group's Dubai subsidiary has received preliminary approval for a virtual asset service provider license in Dubai

ChainCatcher news, according to The Block, Amber Group announced that its Dubai subsidiary Amber Premium FZE has received the principle approval for a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA), enabling Amber Premium FZE to provide comprehensive virtual asset services to clients in the Middle East and beyond, including brokerage-trading services, lending and borrowing services, as well as management and investment services, in compliance with UAE regulatory requirements.

As the headquarters of Amber Group in the UAE, Amber Premium FZE will serve institutional and high-net-worth individual clients in the region.