Amber International shares surge 10.07% after-hours as Dubai subsidiary secures regulatory approval for virtual asset operations.

Amber International surged 10.07% in after-hours trading following the announcement that its Dubai-based subsidiary, Amber Premium FZE, received initial approval from Dubai's Virtual Assets Regulatory Authority. This regulatory milestone, the final step before full authorization for virtual asset operations, signals progress in the company's strategy to expand its Web3 financial infrastructure globally. The approval underscores Amber International's commitment to adhering to regulatory standards in the virtual asset sector, potentially enhancing its credibility and market access in a rapidly evolving industry. Despite underlying financial challenges, including declining revenue and negative profitability, the regulatory development appears to have driven immediate investor optimism, positioning the company for potential growth in the regulated digital asset space.