The London-based exchange has signed a contract with Dubai’s Virtual Assets Regulatory Authority (VARA) – the city’s new digital assets regulations agency – to open up an office in the emirate, the story said, though it remains unclear when hiring for the office will begin.
In July, Dubai’s crown prince unveiled The Dubai Metaverse Strategy, a plan to welcome more than 1,000 firms to the city and create more than 40,000 crypto jobs by 2030. The initiative underscored the city’s commitment to convert itself into the Gulf region’s premier crypto hub.
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