digital bank rebel Received in-principle approval to offer virtual asset services across the UAE. By granting the preliminary license, the Virtual Assets Regulatory Authority (VARA) in Dubai has positioned the company to promote broker-dealer activities, asset management and wealth management. investment services and exchange functions in the region.
This development, announced on July 15, 2026
With more than 75 million users worldwide, the company continues to prioritize compliance with forward-thinking regulatory standards that foster transparency and innovation.
These milestones underscore the firm’s ambition to build a fully regulated, comprehensive financial platform tailored to the local market.
Pending final approvals, Revolut plans to offer eligible cryptocurrency services through its main mobile app and proprietary trading platform Revolut X.
UAE customers who meet the criteria will then have the opportunity to buy, sell and securely store digital assets in a controlled environment designed to meet the high requirements. compatibility standards.
Joseph KhairHead of Revolut Digital Assets FZE in the UAE expressed his excitement about this regulator alignment.
He noted that the UAE has positioned itself as a global pioneer in establishing clear and reliable rules for virtual assets.
Khair emphasized that approval allows rebel Bringing established crypto offerings into this well-governed space and contributing to VARA’s goals of security, openness and technological advancement.
Revolut has consistently positioned itself as a preferred destination for cryptocurrency enthusiasts worldwide.
The platform currently supports over 16 million crypto users and maintains a reputation for reliability and ease of use in markets such as the UK and UK. European Economic Area.
The upcoming UAE launch will extend this accessible experience to another dynamic financial hub and further strengthen Revolut’s role in the evolving Web3 landscape.
Movement comes at a time when UAE It continues to attract the attention of international fintech players with its balanced approach to digital finance regulations.
By collaborating closely TO BERevolut aims to provide services that not only expand customer choice but also support the highest standards of consumer protection and market integrity.
Industry observers see this approval as part of a broader established trend. financial technology Companies whose presence in the Gulf has deepened thanks to supportive policies and increasing appetite for digital assets.
Like rebel This development underlines the company’s measured, regulation-first expansion strategy as it moves towards full operational capacity in the UAE.
Customers in the region can expect increased access to: crypto- Integrated into a familiar banking-style application, the tools potentially combine traditional finance and blockchain-based opportunities more seamlessly than ever before. While final licensing details are still pending, this is the green light in principle. signals Strong momentum for Revolut Middle East expansion efforts.
