<div id="readability-page-1"><div>Rain, the leading regulated crypto-asset platform in the Middle East, today announced that its Dubai entity, Rain MENA FZE, has received In-Principle Approval (IPA) from the Virtual Assets Regulatory Authority (VARA) for Exchange Services, Broker-Dealer Services, and Margin Trading. The approval marks Rain's entry into the Dubai market under VARA's regulatory framework and completes its GCC licensing footprint.With the VARA IPA, Rain now holds the full set of regulatory licenses available to a crypto-asset platform in the GCC: the Central Bank of Bahrain (CBB), the Abu Dhabi Global Market's Financial Services Regulatory Authority (ADGM FSRA), and VARA in Dubai.The IPA permits Rain MENA FZE to progress towards a full VARA licence and begin operational readiness for Exchange Services, Broker-Dealer Services, and Margin Trading in Dubai, subject to satisfying VARA's remaining conditions. The approval also positions Rain to offer margin trading services in Dubai, expanding the range of products available to its regional customer base.“Regulation is the foundation of trust in this industry. Holding every current GCC license with CBB, FSRA, and now VARA is a direct result of the standards we have built into Rain. It means our customers can operate across the region on a single, trusted platform.”Laurent Girouille, Director - Rain Mena FZEAbout Rain<ul><li>Rain is the leading GCC based crypto brokerage and custodian and was founded in 2017</li><li>Rain is licensed by the Central Bank of Bahrain(CBB), Abu Dhabi Global Markets(FSRA), registered with MASAK(Turkey), and more jurisdictions coming soon</li><li>Rain has over 2 million users</li><li>Rain has processed over $11B in volume since inception</li></ul>Media ContactRain Communicationsahmed.samra@rain.comwww.rain.comSend us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.</div></div>

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Rain, a leading crypto-asset platform in the Middle East, has received In-Principle Approval (IPA) from the Virtual Assets Regulatory Authority (VARA) for Exchange Services, Broker-Dealer Services, and Margin Trading in Dubai. This approval completes Rain's licensing footprint in the GCC, allowing it to offer a full range of services to its customers. Rain is now licensed by the Central Bank of Bahrain, the Abu Dhabi Global Market's FSRA, and VARA, enhancing trust and operational readiness in the region's crypto market.

- Rain MENA FZE has received In-Principle Approval from the Virtual Assets Regulatory Authority for Exchange Services, Broker-Dealer Services, and Margin Trading in Dubai.  
- This approval enhances Rain's regulatory presence in the GCC, complementing its existing licenses from the Central Bank of Bahrain and Abu Dhabi Global Market's Financial Services Regulatory Authority.  
- With the VARA IPA, Rain is positioned to offer expanded services to its regional customers, supporting operational readiness for these new offerings.

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ZAWYA: Rain receives VARA IPA for exchange, broker-dealer and margin trading services