Dubai has introduced new crypto regulations aimed at fostering innovation while ensuring security and compliance in the growing digital asset market.
The Dubai Virtual Asset Regulatory Authority (VARA) has issued comprehensive guidelines for crypto exchanges, custodians, and token issuers, covering areas such as anti-money laundering (AML), cybersecurity, and consumer protection.
Dubai’s government is keen to position the city as a global hub for blockchain and cryptocurrency businesses, offering a supportive regulatory environment for startups and established firms alike.
The new regulations are expected to attract more international crypto companies to set up operations in Dubai, further solidifying its status as a key player in the Middle East’s burgeoning crypto ecosystem.
