Amber Premium FZE, a Dubai subsidiary of digital asset company Amber Group and corporate services and consulting firm NH Management, has received in-principle approval for a virtual asset service provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA), Foresight News reported.

This preliminary approval enables Amber Premium FZE to offer a wide range of virtual asset services within the UAE’s regulatory framework, including broker-dealer activities, lending solutions, and management and investment services.