Dubai has become a global capital for cryptocurrencies, thanks to the development of one of the most advanced regulatory frameworks in the world, according to a recent report by Access Newswire.

The site noted that the Dubai Virtual Assets Regulatory Authority (VARA), which was established under Law No. 4 of 2022, is the first independent regulatory body of its kind in the world and has started attracting the attention of major trading platforms and companies operating in the crypto sector. The site confirmed that global platforms such as Binance and Bybit have quickly sought to obtain licenses under its umbrella, in a move that reflects a structural shift in the sector, not just a promotional trend.

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