PANews reported on September 20 that according to Bitcoin.com, 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 Regulatory Authority (VARA). This approval allows Amber Premium FZE to provide a variety of virtual asset services in compliance with UAE regulations.
In addition, the report also mentioned that Crypto.com has obtained a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). The license allows the crypto exchange to provide e-money and fiat currency payment services including prepaid cards.