Amber Group's Dubai subsidiary receives approval in principle for virtual asset service license

According to ChainCatcher, digital asset company Amber Group announced that its Dubai subsidiary Amber Premium FZE has received approval in principle for a virtual asset service provider (VASP) license issued by the Dubai Virtual Asset Regulatory Authority (VARA). This approval will enable Amber Premium FZE to provide a variety of virtual asset services while complying with UAE regulatory requirements.

This news marks the further expansion of Amber Group in the Middle East market, and also reflects the gradual maturity of Dubai's regulatory environment in the field of virtual assets. For investors and industry practitioners, this is a development worth paying attention to.