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Dubai's Crypto Regulator Plans to Quadruple Headcount

  • VARA expects to handle around 300 new applications this year
  • Dubai wants to attract firms with its crypto-friendly policies
The Dubai skyline.

The Dubai skyline.

Photographer: Karim Sahib/AFP/Getty Images

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Dubai’s crypto regulator plans to quadruple its headcount over the next few months to handle hundreds of license applications after drawing up new rules to attract industry players to the Middle Eastern financial hub.