Kraken's Parent Company Secures Full Crypto License in Dubai
Payward, the parent company of Kraken, has obtained a Virtual Asset Service Provider license from Dubai's regulatory authority.
Payward, the parent company of Kraken, has obtained a Virtual Asset Service Provider license from Dubai's regulatory authority. This is an original Token Times brief synthesising 8 outlets (Bitcoin World, CryptoNewsZ, The Coin Republic, and others), plus live market data, as of Tue, 13 Oct 2026 08:30:01 UTC.
This development signifies Dubai's growing role as a crypto hub and provides Kraken with a strategic foothold in a major global financial center. The license allows for expanded operations and regulatory legitimacy in a key market.
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- Kraken Parent Payward Secures Dubai VARA License for UAE Launch ↗
- Payward secures full Virtual Asset Service Provider license in Dubai
- License granted by Dubai's Virtual Assets Regulatory Authority
- Move strengthens Kraken's presence in a major global financial hub
- Crypto market remains stable amid regulatory developments
Both Bitcoin World and CryptoNewsZ confirm that Payward, the parent company of Kraken, has received a full Virtual Asset Service Provider license from Dubai's Virtual Assets Regulatory Authority. This license grants regulatory approval for Payward FZCO to operate in Dubai's crypto market. While both outlets report the same core facts, CryptoNewsZ emphasizes the 'full market approval' aspect more prominently.
Payward, the parent company of the major cryptocurrency exchange Kraken, has obtained a Virtual Asset Service Provider license from Dubai's Virtual Assets Regulatory Authority. This license allows Payward FZCO, the Dubai-based entity of Kraken, to offer regulated crypto services in the region.
The approval comes as Dubai continues to establish itself as a leading global center for cryptocurrency and blockchain technology. The Virtual Assets Regulatory Authority (VARA) has been actively working on creating a comprehensive regulatory framework to attract crypto businesses while ensuring compliance and security.
This development is corroborated by both 
Bitcoin World and CryptoNewsZ, with both outlets confirming the receipt of the license by Payward. While the core facts are consistent across both sources, CryptoNewsZ places additional emphasis on the 'full market approval' aspect of the license.
The move is part of a broader trend of crypto exchanges seeking regulatory approval in key markets to expand their global footprint. Dubai's proactive approach to crypto regulation makes it an attractive destination for companies looking to establish a presence in the Middle East.
As of the latest market data, the total crypto market cap stands at $2.89 trillion, with the overall market showing a relatively flat movement. Bitcoin is down 0.61% in the past 24 hours, while the Fear & Greed Index remains in 'Greed' territory at 57. This regulatory development is unlikely to have an immediate impact on market prices but could influence investor sentiment in the longer term.
Kraken's Parent Company Secures Full Crypto License in D — questions & answers
What is the significance of the Dubai license for Kraken?
The license allows Kraken to operate legally in Dubai, providing access to a major global financial hub and enhancing its regulatory credibility.
How does this affect the broader crypto market?
While the immediate market impact is minimal, the development signals growing regulatory acceptance of crypto, which could benefit the industry long-term.
What is Dubai's approach to crypto regulation?
Dubai is actively developing a regulatory framework to attract crypto businesses while ensuring compliance and security through its Virtual Assets Regulatory Authority.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin World, CryptoNewsZ, The Coin Republic, Live Bitcoin News, Crypto Adventure, Cointelegraph, Crypto.news, Finance Magnates, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.