๐จ Dubai grants first OTC crypto derivatives license!
๐ข Nomura-backed Laser Digital has just become the first firm to receive a regulatory license from Dubai's Virtual Asset Regulatory Authority (VARA) to offer over-the-counter (OTC) crypto derivatives trading.
This is a major milestone for both institutional crypto adoption and Dubaiโs ambitions to become a global hub for digital assets.
โ The license allows Laser Digital to provide sophisticated products like crypto options and futures to institutional clients under strict regulatory oversight.
๐ With this move, Dubai further cements its reputation as a forward-thinking jurisdiction for crypto innovation โ combining robust compliance standards with a progressive approach to virtual asset finance.
๐ Institutional-grade derivatives have long been seen as a key step toward greater market maturity, and this approval may open the door for wider participation from traditional finance players.
๐ Congrats to the Laser Digital team โ and to VARA for setting a global benchmark in virtual asset regulation.