Dubai welcomed the technology of open arm blockchain, and the government of the water has launched a new Blockchain strategy, aimed at transferring almost half of its government transactions to blockchain technology.
This laid the foundations in 2022, Dubai created the Virtual Assets Regulatory Authority (VARA), a dedicated organization responsible for the supervision of digital assets.
Vara provides clear license procedures for cryptographic societies, which have strengthened confidence between world exchanges. Consequently, companies now consider Dubai as a stable and secure destination for the implementation of operations.
