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Dubai crypto market hits 50 licensed firms after new VARA approval
Dubai’s VARA has licensed its 50th crypto firm, although only 39 VASPs were fully operational at the end of 2025. The emirate continues to expand its regulated crypto market.
Dubai's regulatory authority, VARA, has granted licenses to its 50th cryptocurrency firm. Despite this milestone, only 39 virtual asset service providers (VASPs) were fully operational by the end of 2025. This indicates ongoing growth and development within Dubai's regulated crypto sector. The licensing process aims to ensure compliance and security for market participants, fostering a safer environment for crypto businesses and investors. Dubai's approach to regulation is attracting more firms to establish operations in the emirate, contributing to its reputation as a growing hub for digital assets. This expansion reflects Dubai's strategic efforts to position itself as a leading global crypto center.
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