Bitpanda, a European digital asset platform, has secured in-principle approval from the Virtual Asset Regulatory Authority (VARA) to expand into the UAE. This move aligns with Bitpanda's strategy to grow beyond Europe, leveraging Dubai's status as a digital finance hub. CEO Eric Demut sees Dubai as a strategic launchpad for international growth. While Bitpanda meets key compliance requirements, it must fulfill additional conditions for full approval, such as establishing a local office. In September, Bitpanda partnered with Societe Generale to promote stablecoins in global finance.