Dubai’s VARA Grants Regulatory Clearance for Blockchain.com Office

According to reports, Dubai’s Virtual Assets Regulatory Authority, or VARA, has granted regulatory permission to Blockchain.com, a platform for Bitcoin trading and blockchain wallets. Reuters reported Friday that VARA had inked a contract allowing Blockchain.com to establish a presence in Dubai. The cryptocurrency company presently has offices across North America, Europe, South America, and Singapore. Great work by the team here – Dubai ✅✅🚀🚀https://t.co/8nQm8w8y3g — Peter Smith (@OneMorePeter) September 9, 2022 Virtual Jobs By 2023 In Dubai The emperor and prime minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, declared the creation of the cryptocurrency regulator and a corresponding law in March. VARA has approved the subsidiaries of Crypto.com, OKX, and FTX to provide services relating to cryptocurrencies in the emirate. Al Maktoum also unveiled a metaverse plan in July intending to create more than 40,000 virtual jobs in Dubai by 2030. As economic rivalry in the Gulf area intensifies, the United Arab Emirates (UAE) has been pushing to create virtual asset regulations to attract new business models. Blockchain.com – Oldest Bitcoin Infrastructure Company Blockchain.com, one of the first Bitcoin (BTC) infrastructure companies, is hoping for regulatory clearance in Italy, France, Spain, and the Netherlands. The Cayman Islands Monetary Authority gave the cryptocurrency company legal permission to run an exchange and o...