Triple-A’s latest In-Principle Approval accomplishment advances it towards a full VARA licence.
Triple-A, a global payment institution, has announced it has been granted In-Principle Approval (IPA) for Broker-Dealer services from Dubai’s Virtual Assets Regulatory Authority (VARA).
An IPA marks a significant threshold in VARA’s licensing process, representing progress toward the final stage ahead of a full licence. Triple-A’s assessment is ongoing, and the company now enters a defined window to complete operational readiness requirements and close remaining post-IPA conditions.
The approval extends Triple-A’s existing regulatory footprint, which includes licences in the EU and Singapore under MiCA and MAS, respectively, Money Transmitter Licences across more than 20 US jurisdictions, and registration as a Money Services Business in the US and Canada.
Eric Barbier, Chief Executive Officer of Triple-A, said: “It is an achievement that reflects months of rigorous work by our compliance, legal, and cross-functional teams, and our long-term commitment to operating within regulated frameworks.”
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