According to CoinMeta, as reported by Cointelegraph, institutional digital asset infrastructure provider ARP Digital has obtained a brokerage dealer license issued by the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to operate in the United Arab Emirates. This license covers UAE enterprises, capital market participants, and qualified investors, including the exchange of stablecoins for dirhams. This is the second regulatory approval ARP Digital has received in the Gulf region; it has already processed over $3.5 billion in transactions in Bahrain and serves more than 450 institutional clients, with business volume expected to quadruple in 2025.