VARA Volume Hits Dh2.5 Trillion as Dubai Targets Top Three Global Hub Status

• Dubai’s financial reform plan named virtual assets, capital markets, and FinTech as key pillars of growth.
• The emirate aims to double the financial sector’s GDP contribution within the next decade.
• VARA-regulated entities recorded Dh2.5 trillion in virtual asset transactions this year.

Dubai has unveiled an ambitious reform plan for its financial sector, setting its sights on becoming one of the world’s top three financial centers. 

The initiative, called the Dubai Financial Industry Strategy, outlines a roadmap for strengthening the emirate’s economy through innovation, regulation, and digital transformation.

Virtual Assets, Capital Markets, and FinTech as Core Pillars

As per a statement, the plan has identified virtual assets, capital markets, and financial technology as the key pillars driving future growth. The shift represents Dubai’s intention…

Read The Full Article VARA Volume Hits Dh2.5 Trillion as Dubai Targets Top Three Global Hub Status On Coin Edition.