Deep Tide TechFlow news: On July 15, according to The National, the UK fintech company Revolut has received in-principle approval from Dubai’s Virtual Asset Regulatory Authority, allowing it to provide cryptocurrency-related services in the UAE. Its business scope includes brokerage dealing on own account, asset management and investment, and exchange services. Revolut said the approval lays the groundwork for launching virtual asset services under a regulated framework.



Previously, the company had obtained a stored-value facility and Type 2 retail payment services license from the Central Bank of the UAE in June. Going forward, it plans to provide eligible users with digital asset buying, selling, and holding services through its retail app and Revolut X. The official launch date has not yet been announced.
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