Dubai crypto market hits 50 licensed firms after new VARA approval
Dubai’s VARA has licensed its 50th crypto firm, though only 39 VASPs were fully operational at the end of 2025 as the emirate’s regulated market continues to expand.
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Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerWritten by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerDubai crypto market hits 50 licensed firms after new VARA approval Latest NewsPublishedJun 29, 2026Dubai’s VARA has licensed its 50th crypto firm, though only 39 VASPs were fully operational at the end of 2025 as the emirate’s regulated market continues to expand.The Virtual Assets Regulatory Authority (VARA), Dubai's crypto regulator, has granted its 50th virtual asset service provider (VASP) license.On Monday, VARA said its latest approval went to tokenized assets platform Tribe Tokenisation FZE.The milestone provides one measure of the growth of Dubai's crypto licensing regime, though license totals alone do not show how many firms are operational or…
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