Payward receives final regulatory approval from Dubai to launch cryptocurrency business in UAE

Kraken's parent company Payward has received final regulatory approval in Dubai and plans to launch spot and margin trading, staking, xStocks, Krak transfer services, institutional over-the-counter (OTC) spot trading, and Kraken Prime services denominated in UAE dirhams (AEDs) in the coming weeks in the UAE. Cryptocurrency derivatives business still needs to wait for regulatory approval. (Source: The Block)