Dubai has announced a new financial sector strategy, listing virtual assets as one of its core pillars.

[Dubai unveils new financial sector strategy, listing virtual assets as one of the core pillars] According to Cointelegraph, Dubai has unveiled a new financial sector strategy, listing virtual assets as one of the core pillars, with the aim of increasing the sector's size to 3% of the Gross Domestic Product (GDP), approximately 13 billion AED. As of now (from the beginning of the year to the present), the total trading volume of institutions regulated by the Virtual Assets Regulatory Authority (VARA) in the UAE has reached 2.5 trillion AED, while the assets under management (AUM) have increased to 9.6 billion AED.

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