Rain Secures VARA Approval, Completing GCC Regulatory Footprint

Rain, a leading crypto-asset platform in the Middle East, has achieved a significant milestone with the receipt of In-Principle Approval (IPA) from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval grants Rain's Dubai entity, Rain MENA FZE, the right to offer exchange services, broker-dealer services, and margin trading.

The granting of IPA is a crucial step for Rain as it completes its regulatory footprint across the Gulf Cooperation Council (GCC). The platform now holds licenses and approvals from all three major financial hubs in the region: Central Bank of Bahrain (CBB), Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), and VARA in Dubai.

Rain's achievement is a result of its dedication to building a unified regulatory landscape. The platform's multi-jurisdictional standing enables it to offer a trusted experience for customers operating throughout the region on a single platform.