Unlike many markets that view crypto with suspicion, Dubai is welcoming it with open arms, but with structure.
VARA provides a transparent licensing framework for:
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Cryptocurrency exchanges.
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Custodians and crypto wallets.
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NFT marketplaces and DeFi platforms.
In 2024, major players like Binance, Crypto.com, and Kraken received full licenses to operate in Dubai. This gives investors and users confidence that the market is regulated and secure.