Episode Details

Dubai just hit a major crypto milestone—its 50th virtual asset service provider license, granted to Tribe Tokenisation FZE, signaling explosive growth in its regulated crypto space. While not all licensed firms are live yet, 39 were fully operational by last year, and VARA is updating those numbers now. With a dedicated regulator (VARA) since 2022, Dubai is outpacing rivals like Singapore and Hong Kong—though comparisons are tricky due to differing licensing models. Beyond licenses, Dubai’s focus on transaction volume, AUM, and jobs shows it’s building a serious, scalable digital asset ecosystem to attract global players and investment.

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