Dubai has legalized Binance and FTX company

Last week, Dubai issued the first law regulating the market of virtual assets. Thus, the regulator (VARA) was created, which recently issued licenses to two organizations: Binance and FTX. As stated in the official document, crypto exchanges can run within the market of the country. It was also stated that all licensed exchanges would be under total control. Now it can be officially stated that Dubai has begun to actively join the crypto world and offered regulation for crypto assets.

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