Dubais Laser Digital Receives Full Crypto License from VARA

Dubai Awards Full Crypto Licence to Laser Digital, a Nomura Holdings Subsidiary

Dubai’s financial landscape has witnessed a significant development with the awarding of a full crypto licence to Laser Digital Middle East FZE, a subsidiary of Nomura Holdings Inc. This move marks one of the initial full permits granted by Dubai since its revamp of the digital asset regulatory framework.

Key Points:

Laser Digital, a subsidiary of Nomura Holdings, has received a full crypto licence in Dubai.
The licence enables Laser Digital to offer Virtual Asset Broker-Dealer Services and Virtual Asset Management and Investment Services.
Laser Digital plans to introduce over-the-counter (OTC) trading services and digital asset investment products for institutional investors.
The company was co-founded by Steven Ashley and Jez Mohideen, both former leaders at Nomura.
Laser Digital combines global investment banking practices with expertise in the crypto domain.

Laser Digital, led by Jez Mohideen, expressed gratitude towards the Virtual Asset Regulatory Authority (VARA) for approving their Operating Licence. The company is now looking forward to its growth in the coming years.

Hot Take:

Dubai’s awarding of a full crypto licence to Laser Digital is a significant step in the global adoption of cryptocurrencies. With institutional firms like Nomura entering the Dubai market, it is clear that regulatory frameworks are being established to attract and support investments in the crypto sector. While competition from other jurisdictions remains, Dubai’s proactive approach could position it as a leading hub for the global crypto market.