Amber Premium FZE received preliminary approval for a virtual asset service provider license from Dubai VARA

AASTOCKS
2025.12.18 02:09

Amber International Holding Limited (AMBR.US), the digital wealth management platform branded as "Amber Premium," announced today (18th) that its Dubai subsidiary "Amber Premium FZE" has received the In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for Virtual Asset Service Provider (VASP).

The group stated that as a private banking-level digital wealth management platform under Amber Group aimed at ultra-high-net-worth individuals and top institutions, this IPA is a key milestone before "Amber Premium" receives final authorization to conduct virtual asset business in the UAE, and it also demonstrates the company's strength in global layout, compliance, and governance.

Michael Wu, CEO and Chairman of the Board of "Amber Premium," stated that obtaining the In-Principle Approval from VARA is an important milestone in the group's long-term development process. This step not only accelerates its institutional-level digital wealth management capabilities in the UAE but also reflects the group's firm commitment to regulatory expectations—safeguarding client asset security through compliance and contributing to market integrity. The group looks forward to advancing the subsequent licensing process in collaboration with VARA

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