ARP Digital has secured a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA), as reported by CoinTelegraph. This license allows ARP Digital to offer regulated digital asset and stablecoin conversions into UAE dirhams.
The license is part of ARP Digital's expansion plans in the Gulf region, where it already has a presence in Bahrain. With this new license, the company can now provide its services to clients in Dubai, further solidifying its position in the region.
This development is based on reporting from CoinTelegraph, which highlights ARP Digital's growing presence in the Middle East's financial sector.