The alliances between regulatory bodies such as VARA of Dubai underscore the shift in the cryptocurrency landscape. Previously seen as contradictory, regulation and cryptocurrencies are increasingly aligned. Just like SUI-VARA, there are mutual agreements and institutional collaborations that mark a new phase of maturity.
This trend is not limited to Dubai. Globally, regulatory frameworks are advancing steadily towards clarity. The MiCA (Regulation of Crypto-Assets Markets) of Europe, the Market Structure Bill, and the GENIUS Act of the United States are prominent examples of efforts to define how digital assets fit into existing legal systems.
These initiatives reflect the regulators' intention to define clearer boundaries between cryptocurrencies and securities. These measures are a good omen for wider adoption and institutional trust in Web3.