Expert predicts that the Dubai-based crypto business will double by 2022

Since 2021, the crypto market has come a long way. According to Yoshi Markets' Mustafa Kheriba, there will be an explosion of Web 3.0 based start-ups, new jobs, and investment opportunities in the region.

Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, launched Dubai's new virtual assets regulatory law – and the corresponding new virtual assets regulatory authority (VARA) – to regulate, supervise, and control virtual asset services. VARA will establish the rules and controls that govern the conduct of virtual asset activities, such as management, clearing, and settlement services, as well as classifying and specifying types of virtual assets, under the new law.

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