Dubai Presses for Crypto Companies to Set Up Shop

Nov 09,2022
KingData News: Dubai is heavily recruiting crypto companies to establish themselves there. Regulations aren’t clear yet, and getting something as basic as a bank account isn’t a smooth process – at least for now. Dubai's Virtual Assets Regulatory Authority (VARA), a dedicated regulator for the industry, hasn't yet released a comprehensive regulatory framework that companies can use to create or launch products, but officials have assured local companies that it will come by the end of the year, two people told CoinDesk.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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