Revolut has taken another step in its UAE growth strategy after receiving in-principle approval for a Virtual Assets Service Provider (VASP) license from Dubai’s VARA, according to a recent announcement.

The approval paves the way for the company, pending final authorization, to offer regulated digital asset broker-dealer, investment management, and exchange services through its consumer app and Revolut X.

Together with its existing payments approval from the Central Bank of the UAE, the milestone reinforces Revolut’s commitment to operating within the country’s regulatory framework while expanding access to trusted virtual asset services.