DUBAI, UAE, July 28, 2026 /PRNewswire/ -- Flipster, a global cryptocurrency trading platform, has secured a full operational Exchange license (License No. VL/26/07/002) from Dubai's Virtual Assets Regulatory Authority (VARA) under Flipster FZE. This milestone enables Flipster to officially launch regulated virtual asset services in the region and marks a significant step in its global expansion strategy.
With this license, Flipster FZE is authorized to onboard customers in the UAE, with plans to gradually expand access to a broader global user base. Flipster offers access to real world asset perpetuals in supported jurisdictions, giving users trading exposure to both digital and traditional asset classes. The initial offering will focus on spot trading, forming the foundation of Flipster's regulated product suite.
This approval marks Flipster's transition from regulatory readiness and in-principle approval to full operational capability under VARA's framework, one of the most comprehensive and globally recognized regulatory regimes for digital assets.
Operating under VARA's framework allows Flipster to provide a more secure and transparent trading environment, supported by robust standards for custody, governance, and compliance. This reinforces the platform's commitment to safeguarding users while providing reliable access to digital assets.
And it also reflects Flipster's commitment to meeting the highest standards in global finance. Flipster believes regulation is essential to building long-term trust, and VARA sets a strong benchmark for balancing innovation with investor protection.
Flipster first announced its entry into the Middle East in May 2025 with the appointment of Benjamin Grolimund as General Manager of Flipster FZE. Securing the full operational license marks the next phase of this expansion, as the company moves from market entry to delivering regulated services in one of the world's most advanced digital asset ecosystems.
About Flipster
Flipster is a leading cryptocurrency trading platform, founded in 2023. It is designed by traders, for traders. With deep liquidity, industry-leading leverage, and wide coverage across global markets, Flipster is built for every trading style and gives traders the flexibility to seize opportunities wherever they emerge. Flipster offers access to real world asset perpetuals in supported jurisdictions, giving users trading exposure to both digital and traditional asset classes from a single platform. Learn more at flipster.io or follow X.
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Flipster Secures VARA Full Operational Exchange License, Advancing Regulated Crypto Services in the UAE
New global lab turns AI ambition into action through policy support, skills development and public AI infrastructure
GENEVA, July 28, 2026 /PRNewswire/ -- The ITU's AI for Good Lab forms part of the implementation agenda of the United Nations AI for Good Impact Initiative, helping developing and emerging economies move beyond isolated AI pilot projects and build the policy, skills and public infrastructure needed to deploy locally relevant AI solutions responsibly and at scale.
Announced during the AI for Good Global Summit 2026 in Geneva, the Lab brings together three interconnected areas of support: national AI readiness and policy, skills development and public AI infrastructure.
Dr. Ebtesam Almazrouei, Chairperson of the United Nations AI for Good Impact Initiative, said:
"Artificial intelligence is entering its implementation decade. Countries are no longer asking whether AI can transform society; they are asking how it can be implemented responsibly, inclusively and at scale. The ITU's AI for Good Lab will help turn proven ideas into national capabilities and measurable outcomes."
Seizo Onoe, Director of the ITU Telecommunication Standardization Bureau, said:
"Every country deserves the chance to shape its own AI future. Our AI for Good Lab reflects ITU's commitment to ensuring that the benefits of AI reach everyone, everywhere."
Through AI readiness assessments and policy guidance, the Lab will help governments identify national priorities. Its skills-development programmes will build inclusive local talent pipelines for policymakers, entrepreneurs, students and innovators, including through the AI for Good Innovation Factory, which has engaged over 200 startups from 88 countries.
The Lab will also support public AI infrastructure, giving countries access to open datasets, compute resources, reusable AI models and open-source tools for priority sectors such as health, agriculture, education and mobility.
The Lab builds on AI for Good Sandbox activities in ten pilot countries: Cameroon, India, Mozambique, Nepal, Peru, Tanzania, the UAE, Uzbekistan, Zambia and Zimbabwe. It also works with the African Telecommunications Union, national governments and ITU regional offices to establish local hubs and scale successful projects.
Notes to Editors
About AI for Good: The UN's leading platform on artificial intelligence, established in 2017 and organized by ITU with more than 50 UN agencies, spanning over 180 countries advancing responsible AI solutions, skills and standards.
Dr. Ebtesam Almazrouei is a globally recognized AI and advanced technology executive, Chairperson of the United Nations AI for Good Impact Initiative, and a member of Kazakhstan's Council for the Development of Artificial Intelligence, chaired by President Kassym-Jomart Tokayev. She developed foundation models such as Falcon 180B, ranked the world's most powerful open AI model at its 2023 release. Her career spans telecommunications, robotics, and AI, advancing national AI strategies and building the full AI value chain. She holds a PhD in Artificial Intelligence for Wireless Communication Engineering and Computer Science and serves as a Trustee of the American University of Sharjah.
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The ITU's AI for Good Lab launches to help developing economies scale responsible AI
