According to Bijiie, Amber Premium FZE, the Dubai subsidiary of Amber Premium, has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA). This marks a key step toward obtaining a full virtual asset service provider license in the region. CEO Michael Wu stated that the approval supports the company's goal of offering institutional-grade digital wealth management to UAE clients and highlights its commitment to compliance and market integrity.
Amber Premium FZE Granted In-Principle Approval by Dubai's VARA
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Summary
Amber Premium FZE, the Dubai branch of Amber Premium, has secured in-principle approval from Dubai’s VARA, a step toward a full virtual asset license. The move aligns with ongoing efforts in Countering the Financing of Terrorism and regulatory clarity. CEO Michael Wu said the approval supports the firm’s mission to deliver institutional-grade digital wealth solutions to UAE clients, emphasizing compliance and market integrity. The timing also reflects broader momentum ahead of potential bitcoin ETF approval in key markets.
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