🌟Get to know the only company allowed to offer cryptocurrency derivatives in Dubai↙️↙️👇👇
Laser Digital, a subsidiary of the Japanese firm Nomura, has obtained the first license in Dubai to offer over-the-counter cryptocurrency options from the Virtual Assets Regulatory Authority (VARA). This achievement makes Laser Digital the only company in Dubai permitted to provide regulated cryptocurrency derivatives directly to institutional clients.
*License details and services offered:*
- The company will provide cryptocurrency options in accordance with the standards of the International Swaps and Derivatives Association (ISDA).
- All cryptocurrency options contracts will be subject to the same legal frameworks applied in traditional finance.
- The company will initially focus on Bitcoin options, with plans to expand into other services such as lending, spot trading, and yield-generating products.
*Regulatory developments in Dubai:*
- Formation of a joint committee between the Securities and Commodities Authority and VARA to review cryptocurrency regulations in the country.
- The committee aims to build a globally competitive regulatory environment and to evaluate and revise cryptocurrency regulations in line with international best practices.¹
#Dubai_Crypto_Group #LaserDigital #ISDA #BitcoinTreasuryWatch #BinanceHODLerTOWNS
