What are the latest VARA regulations for crypto in Dubai?

As of 2023, VARA has implemented regulations requiring all crypto businesses in Dubai to obtain licenses and adhere to AML (Anti-Money Laundering) regulations. In my 3 years in Dubai's crypto scene, I've seen VARA's proactive approach help legitimize the market, making it safer for investors. If you're considering a crypto startup, ensure you familiarize yourself with their guidelines and consult the official VARA website for the latest updates.