VARA and ADGM policy, exchange licensing, tokenization, and the UAE’s rise as a Web3 hub.
FTX Europe became the first approved virtual asset exchange to offer complex crypto derivatives dedicated to professional institutional investors within the highly regarded international jurisdiction.
Ana Grabundzija 2 min read 
Crypto exchange Binance is in discussions with Dubai World Trade Centre free zone for a virtual asset service provider license to operate in Dubai. A favorable ruling would further bolster its presence in the Middle East.
The Emirate announced the enactment of The Dubai Virtual Asset Regulation Law, under which it will establish a new regulatory authority to oversee the virtual asset industry, which includes crypto and NFTs.
CZ is becoming a fixture in the UAE and wants to bring Binance into the country's booming crypto scene.
The Dubai World Trade Centre Authority sets out to become a “comprehensive zone and regulator for virtual assets and crypto.”
With the new initiative, the United Arab Emirates (UAE) continue ranking high on the list of crypto-friendly jurisdictions.
The fund will allow the Middle East’s first listed digital asset product to be able to deliver on the growing demand from regional institutional investors.
The Middle East and North Africa (MENA) region is home to the world’s top remittance corridors.
Decentralized payments network RippleNet will be used to connect the National Bank of Egypt and UAE-based financial services provider LuLu International Exchange.
