Payward, the parent company of popular cryptocurrency exchange Kraken, has obtained a full license in Dubai, enabling the company to operate in the United Arab Emirates. This strategic move is part of Payward's expansion plans in the region. The license is a significant milestone, allowing Payward to offer its services to the local market.
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Kraken currently has over 100 licenses and registrations worldwide, and the Dubai license will further solidify its presence in the global market. The UAE launch is expected to provide users with greater access to cryptocurrency services, driving adoption and growth in the region.