Virtual asset service providers receive regulatory approval in Dubai, further expanding their presence in the Middle East market

【Crypto World】Digital wealth management company Amber Premium’s Dubai branch recently obtained an important license—principle approval from the Dubai Virtual Assets Regulatory Authority (VARA). It sounds very official, but the underlying meaning is quite clear: the company is making a significant step forward in conducting virtual asset business locally, and is not far from full authorization.

CEO Michael Wu is obviously very excited about this development. He mentioned that this approval will help the company better serve clients in the UAE, especially by providing institutional-level digital wealth management solutions. In other words, not only retail investors, but also institutional investors can access professional services through them.

However, based on Wu’s remarks, Amber Premium values “doing the right thing” the most—he emphasized the company’s focus on compliance and market integrity. This is particularly crucial in the current environment. The entire virtual asset industry is working hard to demonstrate its compliance stance, and obtaining approval from authoritative bodies like VARA is undoubtedly the most convincing endorsement.

For Web3 service providers aiming to expand into the Middle East market, this case is quite instructive—operating in a regulated manner, accepting oversight, and building trust. This approach seems to be becoming the new normal.