Dubai crypto market hits 50 licensed firms after new VARA approval
CoinTelegraph·
60-second summary
Dubai's VARA is licensing its 50th crypto firm, marking a significant milestone in the emirate's regulated market expansion. Although only 39 Virtual Asset Service Providers (VASPs) were fully operational at the end of 2025, the growing number of licensed firms indicates a surge in interest in Dubai's crypto market, boosting its reputation as a hub for digital assets.
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.