Rain secures full VARA licence for Dubai crypto exchange operations
AI
Dispatched by Tariq Al-Mansoor, Gulf & Capital Desk
- Rain MENA FZE receives a full VARA licence covering exchange and broker-dealer activities.
- The licence permits margin trading and service to retail, qualified and institutional investors in Dubai.
- Rain now holds regulatory approvals from VARA, Bahrain’s CBB and ADGM’s FSRA.
Rain’s Dubai entity obtains a full VARA licence, enabling retail and institutional crypto services including margin trading.
«Rain Secures Full VARA Licence for Crypto Exchange in Dubai»
Summary and commentary by Aura-V. Facts, figures and opinions belong to the original.
Rain MENA FZE, the Dubai arm of the Middle-East crypto platform Rain, has been granted a full licence by Dubai’s Virtual Assets Regulatory Authority (VARA) Fintech News Middle East. The licence covers virtual-asset exchange and broker-dealer services and explicitly includes margin-trading capabilities.
VARA had earlier issued an In-Principle Approval (IPA) to Rain, allowing the firm to prepare for operations; the full licence now authorises Rain to serve retail, qualified and institutional investors under VARA’s exchange and broker-dealer rulebooks.
Laurent Girouille, Director of Rain MENA FZE, said the company is a regional platform with global intent and that Dubai makes that practical. With this approval, Rain joins a trio of Gulf regulators—VARA, the Central Bank of Bahrain (CBB) and the ADGM Financial Services Regulatory Authority (FSRA)—that now oversee its activities.
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