According to Cointelegraph, Dubai has announced a new financial sector strategy, including virtual assets as one of the core pillars, with the goal of increasing the scale of the sector to 3% of GDP, equivalent to 13 billion United Arab Emirates dirhams (AED).
As of now (year-to-date), the cumulative transaction volume of institutions regulated by the UAE Virtual Asset Regulatory Authority (VARA) has reached 2.50 trillion UAE dirhams, and the asset management scale (AUM) has increased to 9.60 billion UAE dirhams.
Dubai unveils new financial sector strategy, including virtual assets as one of its core pillars
2025-10-14 02:39:09
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