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Dubai's Virtual Assets Regulatory Authority (VARA), a dedicated regulator for the industry, hasn't yet released a comprehensive regulatory framework that companies can use to create or launch products, but officials have assured local companies that it will come by the end of the year, two people told CoinDesk. The regulator, established just seven months ago, has previously issued some guidelines on marketing and advertising for virtual assets.

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【Dubai presses for crypto companies to set up shop】Dubai's Virtual Assets Regulatory Authority (VARA), a dedicated regulator for the industry, hasn't yet released a comprehensive regulatory framework that companies can use to create or launch products, but officials have assured local companies that it will come by the end of the year, two people told CoinDesk. The regulator, established just seven months ago, has previously issued some guidelines on marketing and advertising for virtual assets.

Dubai presses for crypto companies to set up shop

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