Blockchain wallet and cryptocurrency exchange platform, Blockchain.com, has reportedly received regulatory approval from Dubai’s Virtual Assets Regulatory Authority (VARA), which will allow it to open an office in Dubai. The crypto firm currently operates offices in North America, Europe, South America and Singapore. As one of the oldest Bitcoin (BTC) infrastructure firms, Blockchain.com is reportedly also seeking regulatory approvals in Italy, France, Spain and the Netherlands. As for crypto regulation in the UAE, since the establishment of the crypto regulator and the adoption of an accompanying law in Dubai this year, VARA has granted approval to crypto firms Crypto.com, OKX and FTX subsidiaries. The UAE Government also launched a metaverse strategy in July this year that aims to bring more than 40,000 virtual jobs to Dubai by 2030.
Sources: https://cutt.ly/EC6JNi8
