Under its new mandate and in alignment with UAE and Dubai Government stakeholders, VARA will streamline regulatory application and operating licensing approvals for Virtual Assets including digital assets, products, operators, and exchanges - enabling DWTC Authority to become a new dedicated zone for regulated Virtual Assets businesses in the near future. DWTC Authority is coordinating closely with VARA in launching the application process for Regulated Virtual Assets Business Licenses in the near future.
As the region’s leading financial hub serving one billion customers across the Middle East, Africa, and South Asia (MEASA), Dubai prides itself on being a progressive market open to the use of new technologies and innovation. With its FinTech industry now well-established and Dubai becoming home to a growing community of innovative start-ups shaping the future of finance, the rise in Crypto Currencies, Tokens and Commodities presents a new global economy frontier for Dubai.
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