XBASE Wins Dubai Crypto License from VARA

Published at 2026-03-26 08:30:55

Dubai’s regulator VARA has approved a virtual asset service provider license for Xbase Virtual Assets Broker & Dealer Services LLC, a RELM Group company, authorizing it to offer regulated crypto brokerage services. The decision, announced amid ongoing turmoil in the Middle East, underscores VARA’s push to maintain momentum in licensing and industry development despite regional headwinds.

The license gives Xbase a formal framework to onboard clients and offer brokerage products under Dubai’s compliance standards, a step that may boost investor confidence and attract more institutional participation. For the market, the approval signals continued regulatory clarity from VARA and supports Dubai’s strategy to position itself as a global crypto hub by balancing growth with oversight.

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