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SINGAPORE, Sept. 23, 2024 /PRNewswire/ -- Amber Group, a leading global digital asset company, today announced that its Dubai subsidiary, Amber Premium FZE, has secured an in-principle approval (IPA) for the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).
The in-principle approval allows Amber Premium FZE to offer a comprehensive suite of virtual asset services, including broker-dealer activities, lending and borrowing solutions, and management and investment services, all within the regulatory framework of the UAE. Serving as the company's regional headquarters, Amber Premium FZE will cater to both institutional clients and high-net-worth individuals in the region.
As the world's first specialized regulator for virtual assets, VARA is committed to fostering a responsible and innovative virtual asset ecosystem in Dubai. Its comprehensive regulatory framework, designed to protect investors and ensure market integrity, aligns with Amber Group's own commitment to security and compliance.
"We are proud to receive this in-principle approval, underscoring our dedication to responsible innovation within robust regulatory environments like Dubai's," said Michael Wu, CEO of Amber Group. "With our regional hub in Dubai, we look forward to expanding our premium virtual asset services and expertise across the Middle East, providing clients with tailored solutions backed by our deep global experience."
With a proven track record of compliance, Amber Group previously secured licenses from major financial centers worldwide, including a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and Type 1, 4, and 9 licenses from the Hong Kong Securities and Futures Commission through its subsidiaries.
About Amber Group
Amber Group is a global digital asset leader headquartered in Singapore. Since 2017, we've built full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investing and infrastructure. Backed by top investors and with deep expertise in crypto and traditional markets, we leverage AI, blockchain and quantitative research to deliver personalized and cutting-edge solutions to help our global client base of HNW individuals, institutions, crypto funds, exchanges and projects optimize returns safely in any market conditions
For more information, please visit:
About VARA
Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai's advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.
Learn more at: https://www.vara.ae/
SINGAPORE, Sept. 23, 2024 /PRNewswire/ -- Amber Group, a leading global digital asset company, today announced that its Dubai subsidiary, Amber Premium FZE, has secured an in-principle approval (IPA) for the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).
The in-principle approval allows Amber Premium FZE to offer a comprehensive suite of virtual asset services, including broker-dealer activities, lending and borrowing solutions, and management and investment services, all within the regulatory framework of the UAE. Serving as the company's regional headquarters, Amber Premium FZE will cater to both institutional clients and high-net-worth individuals in the region.
As the world's first specialized regulator for virtual assets, VARA is committed to fostering a responsible and innovative virtual asset ecosystem in Dubai. Its comprehensive regulatory framework, designed to protect investors and ensure market integrity, aligns with Amber Group's own commitment to security and compliance.
"We are proud to receive this in-principle approval, underscoring our dedication to responsible innovation within robust regulatory environments like Dubai's," said Michael Wu, CEO of Amber Group. "With our regional hub in Dubai, we look forward to expanding our premium virtual asset services and expertise across the Middle East, providing clients with tailored solutions backed by our deep global experience."
With a proven track record of compliance, Amber Group previously secured licenses from major financial centers worldwide, including a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and Type 1, 4, and 9 licenses from the Hong Kong Securities and Futures Commission through its subsidiaries.
About Amber Group
Amber Group is a global digital asset leader headquartered in Singapore. Since 2017, we've built full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investing and infrastructure. Backed by top investors and with deep expertise in crypto and traditional markets, we leverage AI, blockchain and quantitative research to deliver personalized and cutting-edge solutions to help our global client base of HNW individuals, institutions, crypto funds, exchanges and projects optimize returns safely in any market conditions
For more information, please visit:
About VARA
Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai's advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.
Learn more at: https://www.vara.ae/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Amber Group's Dubai Subsidiary Secures In-Principle Approval for Virtual Asset Service Provider License from Dubai VARA
NEW YORK, Dec. 11, 2025 /PRNewswire/ -- DermRays, a leader in optical beauty technology, today announced a major advancement in the home-use hair removal industry with the upcoming launch of the DermRays V8S Enhanced Edition. Protected by a European Union Invention Patent, this device is the first at-home hair removal solution to utilize VCSEL (Vertical-Cavity Surface-Emitting Laser) diode laser technology. This launch marks the most significant technological leap in home-use diode laser hair removal in over a decade.
The V8S Enhanced Edition will debut soon on a major crowdfunding platform, offering early adopters access to clinic-grade laser performance at home.
Correcting a Decade of Confusion: True 810nm Laser vs. IPL
For years, the consumer market has been dominated by devices marketed as "laser," even though many of them actually rely on IPL (Intense Pulsed Light) technology. Unlike a true laser, IPL emits broad-spectrum light that is absorbed by both the skin and the hair, which limits the precision and efficiency of treatment.
"IPL lacks the selectivity and efficiency of a true laser," said a DermRays product engineering spokesperson. "The 810nm diode wavelength, recognized by dermatologists as the Gold Standard for permanent hair reduction, targets melanin in the follicle with precision. IPL scatters energy, which limits how much power can be safely delivered."
Although the FDA clearly distinguishes between "Laser" and "IPL," mislabeling in the market remains widespread. Many consumers still believe they are buying true laser devices when they are not. DermRays aims to restore clarity by introducing the first VCSEL-powered at-home diode laser solution.
A Breakthrough Beyond Existing Laser Devices
Only a few true diode laser devices exist today. Additionally, a device sold by a leading global beauty technology brand is manufactured by DermRays and utilizes DermRays' licensed patented technology. This underscores DermRays' position as a global leader in optical beauty manufacturing.
Earlier generations of diode laser devices had extremely small treatment windows, making full-body sessions slow and limiting consumer adoption. The V8S Enhanced Edition overcomes these limitations with high-density 810nm diode laser output across a larger treatment window, significantly improving efficiency and usability for home users.
DermRays Solves the Industry's Longstanding Technical Challenge
The V8S Enhanced Edition introduces a new generation of diode laser performance made possible by VCSEL architecture. Key benefits include:
- Delivers High Energy Across a Large Window
Unlike earlier devices that had to reduce energy output to increase treatment size, DermRays maintains high-density 810nm laser power across a significantly larger window. This dramatically cuts total treatment time. - Targets Hair Follicles With Precision
The 810nm wavelength penetrates deeper to directly target hair follicles, delivering results that IPL devices struggle to achieve, especially on coarse or stubborn hair. - Ensures Comfort With Advanced Cooling
A next-generation ice-cooling system reduces heat sensation and minimizes the "rubber band snap" feeling associated with professional lasers, improving comfort for home users.
Safety and Regulatory Integrity
DermRays has received FDA clearance, confirming the device meets strict safety and performance requirements for home-use medical lasers. Combined with VCSEL diode technology, the V8S Enhanced Edition brings true medical-grade innovation into a consumer-friendly form.
- "This is not just an upgrade to home-use devices," the spokesperson added. "It is a major correction in the industry. Consumers deserve transparency and technology that performs as promised. With VCSEL diode laser power, we are finally bridging the gap between professional clinics and at-home treatment."
Availability
The DermRays V8S Enhanced Edition will be available for pre-order exclusively through a leading crowdfunding platform. Consumers can join the official waitlist to receive early access updates and launch rewards.
About DermRays
DermRays is a global innovator in home-use medical and beauty laser technology. Supported by a dedicated optical research center, DermRays holds multiple international invention patents and serves as the manufacturer behind several world-class beauty technology brands. The company is committed to delivering transparency, safety, and professional-grade results to at-home users.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
DermRays Introduces the World's First VCSEL Diode Laser Hair Removal Device, Marking the Biggest Breakthrough in At-Home Beauty in Over a Decade
