Revolut was approved in principle in Dubai for encryption operations

On 15 July, Revolut, a financial technology company, obtained the “principle approval” of the Dubai Virtual Assets Control Agency (VARA), which can provide services such as a private, investment and exchange of encrypted currency brokers in the United Arab Emirates. Revolut plans to provide encryption services to local users in retail applications and stand-alone trading platforms Revolut X, which still need to be formally accessed through final regulatory approval。