## **Crypto Haters Won’t Admit It, But This is Huge**
- They dismissed crypto as a scam.
- They claimed regulators would shut it down.
- They insisted institutions would never get involved.
Yet, **Dubai’s VARA has just granted its first-ever DeFi license—to #MANTRA.**
- This marks **official government recognition** of DeFi as a legitimate financial system.
- It paves the way for **institutions to legally enter the crypto space.**
- It signals the **next phase of blockchain adoption.**
Next time someone calls DeFi the "Wild West," show them this milestone.
