[Standard Chartered Bank Obtains UAE VARA License, Launches Bitcoin and Ethereum Trading Services]
Standard Chartered Bank has obtained a license from the UAE Virtual Assets Regulatory Authority (VARA) to offer Bitcoin (BTC) and Ethereum (ETH) trading services to professional investors in the UAE. Eligible clients can buy and sell through their existing bank accounts. This initiative is jointly provided by Standard Chartered Bank's Wealth and Retail Banking division, Corporate and Investment Banking division, and Zodia Markets under SC Ventures.