Laser Digital Wins Dubai’s First OTC Crypto Options License Under VARA
Main Idea
Laser Digital, a subsidiary of Nomura, has obtained Dubai's first regulated OTC crypto options license under VARA, enabling ISDA-compliant Bitcoin options for institutional clients and supporting Dubai's strategy to become a regulated crypto hub.
Key Points
1. Laser Digital secured the first-ever license from Dubai’s VARA to offer regulated OTC crypto derivatives, starting with Bitcoin options.
2. The license ensures all options will comply with ISDA standards, providing institutional clients with structured crypto derivatives.
3. Dubai’s VARA aims to establish a regulated crypto framework, aligning with the UAE’s strategy to become a digital asset hub without compromising oversight.
4. Laser Digital operates in Dubai, London, and Tokyo, with this approval strengthening its position in the institutional crypto market.
5. The move reflects Dubai’s broader push to attract crypto businesses through clear regulatory guidelines.
Description
Laser Digital obtained Dubai’s first regulated OTC crypto options license under VARA. The license allows ISDA-compliant derivatives for institutions, starting with Bitcoin options. The approval supports Dubai’s push for regulated institutional crypto finance. Laser Digital, the digital asset subsidiary of Japanese banking giant Nomura, has secured the first-ever license to offer over-the-counter (OTC) crypto options to institutional clients in Dubai. Issued under the pilot regime of Dubai’s Virt...
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