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Revolut Receives Preliminary Approval for Virtual Asset Services
Revolut, the global financial technology company, has received preliminary approval from the Virtual Asset Regulatory Authority (VARA) in Dubai, allowing it to provide brokerage, management, and exchange services for virtual assets in the UAE. This approval comes after the company obtained authorization from the Central Bank of the United Arab Emirates for payment services, reflecting its commitment to a sophisticated and transparent financial regulation in the country. This step underscores the company's expansion and strengthening its presence in the virtual asset market in the UAE.
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