Nomura-Backed Laser Digital Wins Regulatory Nod for Crypto Derivatives in Dubai

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Laser Digital, the cryptocurrency trading and servicing subsidiary of Japanese bank Nomura, secured a limited license to offer regulated, over-the-counter (OTC) crypto derivatives from Dubai under the Virtual Asset Regulatory Authority’s (VARA) pilot framework. Under this regime, Laser Digital says it is the first regulated entity under VARA to offer direct client-facing crypto OTC option services. As crypto derivatives ramp up around the globe, places like Dubai with its crypto-friendly regulat...