Dubai Just Crushed Crypto Red Tape 😎🌍: First License Approved, World Watches in Awe (or Confusion?)
Enter VARA-the Virtual Assets Regulatory Authority-Dubai’s very own crypto sheriff. It recently handed out the world’s first cryptocurrency options license, a milestone so shiny even unicorns are jealous. The lucky recipient? Laser Digital, a Nomura-backed firm ready to dazzle institutional investors with over-the-counter (OTC) crypto options trading. What does this mean? In short, Dubai isn’t just hosting the party; it’s writing the guest list, setting the playlist, and making sure everyone tips the bouncer appropriately (thanks to strict AML and KYC protocols).