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The Securities and Commodities Authority (SCA) of the UAE has established a strategic partnership with the Dubai Virtual Assets Regulatory Authority (VARA) to coordinate and unify the national cryptocurrency regulatory framework, achieving mutual recognition of Virtual Asset Service Provider (VASP) licenses. This move simplifies the business operation processes for enterprises and marks an important step for the UAE in global cryptocurrency governance. In the future, VARA will work with other agencies to promote cross-border regulatory interoperability.
SCA-1.16%
VARA2.13%
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