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Home/News/Dubai's crypto regulator VARA licenses 50th firm as hub grows
Cointelegraph·4h ago·positive

Dubai's crypto regulator VARA licenses 50th firm as hub grows

Dubai's Virtual Assets Regulatory Authority granted its 50th VASP license to tokenized assets platform Tribe Tokenisation, marking continued growth in the emirate's regulated crypto market.

  • Dubai's VARA has now issued 50 virtual asset service provider licenses, with the latest going to Tribe Tokenisation FZE.
  • At end of 2025, 39 licensed VASPs were fully operational; VARA is validating an updated 2026 figure.
  • Dubai's 50 licensed firms exceed totals in Hong Kong (13) and Singapore (37) for regulated crypto businesses.
  • The milestone reflects Dubai's push to become a global crypto hub since establishing VARA in March 2022.
regulationImpact 5/10
Why our editor rated this positive

Regulatory progress in Dubai shows a jurisdiction building clear licensing frameworks for crypto, which is positive for industry legitimacy and safe buying options.

Read the full story at Cointelegraph

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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