Dubai Lays Down Regulations for Crypto Firms for Operating in the Country

Dubai has been making massive strides in crypto adoption lately. Yesterday, the Virtual Assets Regulatory Authority (VARA), the sole regulator of virtual assets in the emirate of Dubai, published a set of regulations for crypto firms planning to operate in the UAE’s biggest emirate. The rules cover various activities related to virtual assets, including custody, advertising, exchanges, and more. Dubai Unveils Regulations for Crypto Firms Dubai’s virtual assets regulator unveiled regulations requiring crypto businesses to obtain relevant licenses to offer services. The rulebooks outline a set of comprehensive requirements from issuance and exchange standards to advertising services, the Virtual Assets Regulatory The post Dubai Lays Down Regulations for Crypto Firms for Operating in the Country appeared first on Cryptoknowmics-Crypto News and Media Platform .