United Arab Emirates & Pakistan — Drug Regulatory Authority of Pakistan

United Arab Emirates: The United Arab Emirates is positioned as a favorable jurisdiction for virtual asset businesses due to its multiple regulatory frameworks and access to emerging markets, attracting European firms.

Pakistan — Drug Regulatory Authority of Pakistan: Pakistan — Drug Regulatory Authority of Pakistan is one of the five regulators in the United Arab Emirates whose licensed firms are tracked by the new database, holding the largest share of licenses in Dubai.

United Arab Emirates: The UAE continues to attract fintech firms with its regulatory framework, boosting its reputation as a crypto-friendly jurisdiction.

Pakistan — Drug Regulatory Authority of Pakistan: VARA granted the in-principle approval, reinforcing its role as a leading crypto regulator and expanding its licensed roster.

United Arab Emirates: The UAE continues to attract crypto firms with its regulatory framework, enhancing its reputation as a crypto-friendly jurisdiction.

Pakistan — Drug Regulatory Authority of Pakistan: VARA granted the license to Flipster FZE, continuing its role as a leading regulator in the crypto space, while also enforcing compliance through fines and license revocations.

United Arab Emirates: The UAE continues to position itself as a crypto-friendly jurisdiction, with Dubai's VARA issuing licences that attract major crypto firms like Deribit and Coinbase.

Pakistan — Drug Regulatory Authority of Pakistan: VARA granted the broker-dealer licence, reinforcing its role as a key regulator for virtual assets in Dubai and supporting the growth of regulated crypto activities in the emirate.

United Arab Emirates: The UAE's financial system integrity is questioned due to Shelbit's operations, though VARA's action shows regulatory response.

Pakistan — Drug Regulatory Authority of Pakistan: VARA issued a notice against Shelbit for money-laundering and terrorism financing violations, aligning with U.S. actions.

United Arab Emirates: Kraken secured regulatory authorization in Dubai, expanding its Middle Eastern presence.

Pakistan — Drug Regulatory Authority of Pakistan: Payward secured authorization from VARA in Dubai in May 2026, part of its global expansion.

United Arab Emirates: The UAE is a target for Revolut's crypto expansion, but the French licence has no direct impact on that market.

Pakistan — Drug Regulatory Authority of Pakistan: VARA granted Revolut in-principle approval for crypto services in the UAE, but this is unrelated to the French banking licence.

Pakistan — Drug Regulatory Authority of Pakistan: Pakistan — Drug Regulatory Authority of Pakistan>>> granted preliminary approval to Payward>>> (Kraken>>>'s parent company), allowing it to operate regulated virtual asset services in United Arab Emirates — Dubai>>>. This reinforces United Arab Emirates — Dubai>>>'s position as a leading jurisdiction for compliant crypto infrastructure.