Dubai plans to introduce a cryptocurrency regulatory framework by the end of this year

ChainCatcher news, according to a report by CoinDesk citing informed sources, Dubai is actively recruiting cryptocurrency companies to establish operations locally. Although the relevant regulations are not yet clear, officials from the Dubai Virtual Assets Regulatory Authority (VARA) have assured local companies that a comprehensive regulatory framework for the country's crypto industry will be introduced by the end of this year. It is reported that VARA was established 7 months ago and has previously issued some guidelines regarding the marketing and advertising of virtual assets. (CoinDesk)