Dubai Crypto Licensing Regime Hits 50 Licensed Firms

Dubai's Virtual Assets Regulatory Authority (VARA) has granted its 50th virtual asset service provider (VASP) license to Tribe Tokenisation FZE, a tokenized assets platform.

This milestone marks the growth of Dubai's crypto licensing regime, with VARA classifying 39 licensed VASPs as fully operational at the end of 2025. The regulator is currently validating an updated figure for 2026.

Dubai has positioned itself as a global hub for digital asset businesses, establishing VARA in March 2022 and seeking to attract crypto firms through a standalone licensing framework.