Dubai’s VARA grants VASP license to CoinMENA, a Bahrain-based crypto exchange operating in the Emirates. The license permits CoinMENA FZE to offer broker-dealer services and facilitate dirham transactions for UAE customers. Co-founders praise Dubai’s crypto-friendly environment, highlighting partnerships with regulators. The license affects UAE users, while CoinMENA’s Bahrain entity serves other clients.
Dubai regulator grants crypto license to Bahrain’s CoinMENA
